This Tax Season, Autobytel® Editors Provide Vehicle Recommendations
Plug-In Hybrid and Electric Top List
IRVINE, Calif.--(BUSINESS WIRE)--
Can you use a $7,500 tax credit this year? Looking for a way to lower
your taxes next year? Unless you're an accountant, you probably don't
spend time keeping up-to-date on the latest tax credit laws. For
example, did you know that there are government tax credits for new
With the April 15 date looming, most of us don't have time to read
through and decipher all the tax guidelines. Fortunately, the editors at
Autobytel® have simplified the jargon that relates to credits
Hybrid and Electric Cars and have also listed their top 2012 new car
choices that fall within those categories.
Like any government program, there are a number of caveats and
restrictions associated with the plug-in hybrid and electric car tax
credit. For instance, not every electric vehicle will qualify for the
full $7,500 credit and all qualifying vehicles must be used primarily in
the U.S. Additionally, the tax credit for each individual electric
vehicle phases out as soon as its manufacturer sells 200,000 units of
it. Accordingly, you are advised to consult with your tax advisor
regarding the availability of tax credits and other incentives for any
vehicle that you are considering.
With so many restrictions, Autobytel® Editor in Chief,
Michelle Naranjo offers good news. "We're here to tell you that there
are a host of breaks and incentives offered by the various states
available to you," says Naranjo. "Many of the states, in addition to
straight out rebates and credits, offer other enticements in the form of
reduced registration fees, free parking, lower use tax uses, and/or
access to carpool lanes. Auto shoppers can view a full listing of the
state-by-state incentives by visiting the U.S.
Department of Energy's Website."
Not sure which plug-in hybrid or electric vehicles are a good choice?
Autobytel® suggests the 2012
Chevy Volt, 2012
Mitsubishi iMiEV and 2012
Nissan Leaf for starters. But if you're in the market for something
a little different, try the Fisker Karma or Tesla Roadster which also
made it to the top of the list.
For a more complete listing of all the 2012 Electric Car Tax Credit
guidelines or for more information about Autobytel's top new car picks,
visit the web at www.autobytel.com.
About Autobytel Inc. (www.autobytel.com)
Autobytel Inc. (Nasdaq: ABTL),
an online leader offering consumer purchase requests and marketing
resources to car dealers and manufacturers and providing consumers with
the information they need to purchase new and used cars, pioneered the
automotive Internet when it launched autobytel.com in 1995. Autobytel
continues to offer innovative products and services to help consumers
buy, and auto dealers and manufacturers sell, more used and new
cars. Autobytel has helped tens of millions of automotive consumers
research vehicles; connected thousands of dealers nationwide with
motivated car buyers; and helped every major automaker market its brand
online. Through its flagship website Autobytel.com®, its
network of automotive sites and its respected online
partners, Autobytel continues its dedication to innovating the
industry's highest quality Internet programs to provide consumers with a
comprehensive and positive automotive research and purchasing
experience, and auto dealers, dealer groups and auto manufacturers with
some of the industry's most productive and cost-effective customer
referral and marketing programs. For more information, please visit www.autobytel.com.
Investors and other interested parties can receive Autobytel news
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Autobytel Inc. Media Relations
Jim Helberg, 949-862-1395
Inc. Investor Relations
Source: Autobytel Inc.
News Provided by Acquire Media
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