Friday, May 27, 2005


"Japan has exported into the U.S. market two cars, the Toyota Prius and the Honda Insight, that each get better than 60 miles to the gallon by utilizing a hybrid electric/gasoline engine. The Washington Post reports that the two Japanese hybrids are virtually sold out in the U.S.

There is a five-month waiting period to purchase the Toyota Prius, which has become something of a status symbol among progressive politicians, such as Maine’s Gov. Angus King, and Hollywood celebrities, such as Leonardo DiCaprio who owns two.

Meanwhile, the Bush administration has proposed slashing about 35 percent of the funds for the public-private partnership with U.S. auto manufacturers to develop more fuel-efficient cars." [While phasing out the $2,000 tax credit for hybrid vehicles, but keeping the $25,000 tax write-off for Hummer or other large gas-guzzling SUVs.]

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