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This came to me from Honda:

The U.S. Internal Revenue Service said Tuesday it would extend a tax credit of up to $2,000 to buyers of gasoline-electric hybrid vehicles, which offer the most promise for quick improvements in the fuel economy of cars and trucks. But, environmentalists and advocates of energy efficiency have cautioned that the high cost absorbed by manufacturers to install hybrid powertrains in vehicles, and the resulting MSRP premium placed on hybrid cars, would limit their appeal to consumers.

The IRS said the credit would apply to original owners of vehicles
certified by the government as hybrids, which combine a conventional
internal combustion gasoline engine to an electric motor and battery pack. But the IRS also said the credit, which would be deducted from the buyer's gross income on a tax statement, would apply in full only to hybrids bought by the end of 2003. In 2004, it would begin to be phased out, with no credit after 2006.

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