Qualified vehicles purchased on or after 1st of January, 2006, will be entitled for a tax credit ranging from $400 to $3,400 based on its fuel saving. The hybrid car tax credit is a combination of two different tax credits. The math in this computation is very complicated, and luckily you won’t have to do it. The auto manufacturers and the IRS will be responsible to certify the tax credit amount. The Civic Hybrid is qualified for $1,050 tax credit until the end of 2008. The Hybrid Tax Credit... Read more

Today, the Exxon Mobile Corp. announced its third-quarter net profit soared 58% from a year ago and it reached nearly 15 billion, the largest profit ever made by a U.S. company.  For Q3, the oil giant’s profit was an "only" $14.83 billion or $2.86 a share, up from $9.41 billion and $1.70 a share a year earlier.  High Gas Prices Help Exxon Make Record Profits Exxon also said that total production fell about 8 percent and warned that its fourth-quarter earnings will be cut... Read more

Hybrid cars are a very reliable segment overall. This is one of the key findings of the 2008 Car reliability Survey announced on Thursday by Consumer Reports. The survey included nine hybrid models and around 1.4 million subscribers of Consumer Reports. In the Family Cars category, the Toyota Prius, the Toyota Camry Hybrid and the luxury Lexus GS 450h Hybrid sedan are all among the most reliable. In the midsize SUV category, the Toyota Highlander and the Lexus RX400h are the most reliable, while... Read more

The U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) recently released the 2009 Fuel Economy Guide. We have pulled out the ten most fuel efficient vehicles that will be on the market in 2009. Guess which car tops the list with 48 mpg on city streets and 45 mpg on the highway? Yes, once again, the Toyota Prius.  By City: 1.) Toyota Prius: 48 mpg 2.) Honda Civic Hybrid: 40 mpg 3.) Nissan Altima Hybrid: 35 mpg 4.) Ford Escape/Mariner Hybrid: 34 mpg 5.) Smart Fortwo:... Read more

Mercedes announced the company’s highlights for this year’s SEMA show and I can say they are preparing something very interesting. The German automaker revealed they will present four GLK concepts from Brabus, Boulevard Customs, Legendary Motor Cars, and RENNtech.  RENNtech, a Florida based company, is well known for its tuning capabilities, and again, they did an amazing job tuning the Mercedes GLK. RENNtech’s hardcore Mercedes GLK Rally Racer is said to be inspired by runners... Read more

Toyota just dropped another teaser shot of the 2010 Prius, even though we have already seen the new Prius! This is definitely the most weird teaser campaign I have ever seen! Toyota keeps exposing closeup photos of the Prius! The first teaser shot was probably the most "exciting" one showing the Prius logo on the start-up screen discplay!  An another photo revealed by the Japanese automaker was a weird Open-Close button. Maybe the new Prius is a convertible! The last shot migh show... Read more

A few days ago someone at PriusChat posted four pictures of the 3rd generation Toyota Prius. On the next day Toyota officially confirmed that the pictures are real! I was reading the comments on other blogs and it seems nobody likes the new design. You guys think it’s the design is shitty and untempting. I think the re-design IS attractive and and gives the new Prius a sporty look! I’m also a big fan of the front grille (although it seems it’s taken from the Yaris) and the headlights... Read more

The long-awaited Mercedes S400 hybrid has finally been officially unveiled. It might look just like an ordinary S-Class, but the new S400 BlueHYRBID is a major milestone in the development of the hybrid luxury car. This vehicle is also the automaker’s very first hybrid car. You will recognize the basics from the existing Mercedes-Benz S350. Unlike the more familiar hybrid models from Lexus, however, the S400 BlueHybrid does not possess an ability to run exclusively on electric power. By... Read more

General Motors finally unveiled the long-anticipated production version of the Chevy Volt, the world’s most famous car that doesn’t exist yet. Today, at 8:30AM Eastern Time, GM started its 100th birthday celebration. The Volt was officially unveiled at GM’s birthday party. You can watch the video of the anniversary at GMnext.com, a website dedicated to the carmakers anniversary celebration. GM Chairman Rick Wagoner introduced the plug-in hybrid car in Detroit, a traditional looking... Read more

Peugeot recently unveiled its diesel-hybrid racing car prototype, with the plans to compete in next year’s Le Mans series. The 908 HDi FAP “Hy” completed a few demonstration laps at Britain’s famous Silverstone racetrack in front of the packed grandstands. Peugeot’s new racing car features similar kinetic energy recovery setup to next year’s Formula 1 system. The 908 HDi FAP “Hy” works almost like a Prius on steroids and it also features a lithium-ion... Read more