Employers Give Major Incentives to Workers who Buy Hybrids

Murrow · 06-11-2006, 02:42 PM

http://www.msnbc.msn.com/id/13186602/

Updated: 6:03 p.m. ET June 7, 2006

NEW YORK - Bank of America Corp. on Wednesday said it will offer $3,000 rebates to thousands of employees who buy hybrid vehicles, a move that could lead other large companies to provide similar "green" incentives.

The No. 2 U.S. bank is by far the largest U.S. company to offer such incentives, in an era of $3 a gallon gasoline.
Together with tax credits, the rebates might save consumers more than $6,000 per vehicle. Online search company Google Inc. and insurer St. Paul Travelers Inc. are among other companies that offer incentives to buy hybrids.

grumbles · 06-11-2006, 02:53 PM

This is great.

Along with tax breaks, you could get a 2007 Camry Hybrid for under $20,000. It would average 35-40mpg, is quicker than the 4cyl, and is loaded with technology.

Or a Civic, RX, GS450h, Vue, etc etc. If I was offered an incentive like this I don't think I'd even consider a non-hybrid vehicle.

**Ming** · 06-11-2006, 02:55 PM

Anyone hear any news on the Malibu hybrid front? GM's been extremely quiet for about a year now after the big announcement that it would make one. No mention of it here: 2007 Malibu Changes But I thought it was due this summer...

AmericanRevv · 06-11-2006, 03:19 PM

Will they also cover the battery replacement, pay for towing sevice on the side of the road? And what about the fires and the recall on the steering? I'd make them give me an incentive for an alternative fuel vehicle like E-85 that won't give me trouble.

Quickening · 06-11-2006, 03:25 PM

Quote:

Originally Posted by Ming

Anyone hear any news on the Malibu hybrid front? GM's been extremely quiet for about a year now after the big announcement that it would make one. No mention of it here: 2007 Malibu Changes But I thought it was due this summer...

Probably be announced with teh refreshed Malibu, whenever that is happening.

mjd1001 · 06-11-2006, 03:46 PM

I know this is well intentioned, but exactly what is the intention? If to promote hybrid purchasing..so it helps the technology along that is fine.

Someone else in an article this year pointed out something else though. The gas saved and the polution prevented by someone buying a Hyrbrid instead of a non-hybrid version of a brand new car is much smaller than the difference between someone driving a 15 year old car versus any new car.

Instead of incentives to get people to buy Hybrids...how about taking that money and instead doing something to get people out of 15, 20, 25 year old pollution billowing cars and trucks and into a new car or truck that uses less gas and emits MUCH less polution.

LAMRONH · 06-11-2006, 04:03 PM

This smells funny. Like an understanding between Toyota and BofA?
http://www.bankofamerica.com/communi...storictax_proj

ZOOMY · 06-11-2006, 04:33 PM

Quote:

Originally Posted by grumbles

This is great.

Along with tax breaks, you could get a 2007 Camry Hybrid for under $20,000. It would average 35-40mpg, is quicker than the 4cyl, and is loaded with technology.

Or a Civic, RX, GS450h, Vue, etc etc. If I was offered an incentive like this I don't think I'd even consider a non-hybrid vehicle.

What would be even better is if they gave rebates for v-8 Impalas that look better and will kick the crap out of a camry. This isn't "cheerforricersinsidenews"

plane · 06-11-2006, 04:36 PM

Quote:

Originally Posted by ZOOMY

What would be even better is if they gave rebates for v-8 Impalas that look better and will kick the crap out of a camry. This isn't "cheerforricersinsidenews"

Zoomy - Too Bold.
(Right on!)

macphisto · 06-11-2006, 04:42 PM

Quote:

Originally Posted by grumbles

This is great.

Along with tax breaks, you could get a 2007 Camry Hybrid for under $20,000. It would average 35-40mpg, is quicker than the 4cyl, and is loaded with technology.

Or a Civic, RX, GS450h, Vue, etc etc. If I was offered an incentive like this I don't think I'd even consider a non-hybrid vehicle.

And then you'd regret it when you're hit with the thousands of dollars in repairs and battery replacement costs a few years down the road. Don't forget the nosedive the car will take in resale value when GM, DaimlerChrysler, and BMW unleash the dual-mode hybrids in the future.

macphisto · 06-11-2006, 04:44 PM

Quote:

Originally Posted by Quickening

Probably be announced with teh refreshed Malibu, whenever that is happening.

Next year. The plan is to have a light-hybrid version of the I4 cost about as much as the entry level V6 on the Malibu, so around $20K.

Stéphane Dumas · 06-11-2006, 04:52 PM

Quote:

Originally Posted by AmericanRevv

Will they also cover the battery replacement, pay for towing sevice on the side of the road? And what about the fires and the recall on the steering? I'd make them give me an incentive for an alternative fuel vehicle like E-85 that won't give me trouble.

Good idea, and I suggest an incentive for diesel-powered cars using biodiesel once the ultra-low sulphur diesel arrive.

grandam_man · 06-11-2006, 05:40 PM

Which will rule in the future? diesels or electric hybrids? or a combination of both?

Before fuel cells of course...

Murrow · 06-11-2006, 06:39 PM

Quote:

Originally Posted by macphisto

And then you'd regret it when you're hit with the thousands of dollars in repairs and battery replacement costs a few years down the road. Don't forget the nosedive the car will take in resale value when GM, DaimlerChrysler, and BMW unleash the dual-mode hybrids in the future.

Don't Toyota and Honda have like 10-year warranties on their batteries? Maybe you keep your cars that long, but I know almost no one who does.

asim · 06-11-2006, 06:53 PM

Well this is just interesting...do they really want to discount hybrids for their workers, or is it some type of evil scheme? LOL

06-11-2006, 02:42 PM	#1 (permalink)
Murrow 3.8 Liter Supercharged V6 Join Date: Mar 2006 Location: Atlanta Posts: 685	Employers Give Major Incentives to Workers who Buy Hybrids http://www.msnbc.msn.com/id/13186602/ Updated: 6:03 p.m. ET June 7, 2006 NEW YORK - Bank of America Corp. on Wednesday said it will offer $3,000 rebates to thousands of employees who buy hybrid vehicles, a move that could lead other large companies to provide similar "green" incentives. The No. 2 U.S. bank is by far the largest U.S. company to offer such incentives, in an era of $3 a gallon gasoline. Together with tax credits, the rebates might save consumers more than $6,000 per vehicle. Online search company Google Inc. and insurer St. Paul Travelers Inc. are among other companies that offer incentives to buy hybrids.

06-11-2006, 02:53 PM	#2 (permalink)
grumbles Banned Join Date: Apr 2006 Location: Ann Arbor, MI Drives: 2007 Toyota Camry SE V6 Posts: 1,268	Re: Employers Give Major Incentives to Workers who Buy Hybrids This is great. Along with tax breaks, you could get a 2007 Camry Hybrid for under $20,000. It would average 35-40mpg, is quicker than the 4cyl, and is loaded with technology. Or a Civic, RX, GS450h, Vue, etc etc. If I was offered an incentive like this I don't think I'd even consider a non-hybrid vehicle.

06-11-2006, 02:55 PM	#3 (permalink)
Ming GMI Staff Member Join Date: Jan 2003 Location: SE Texas Posts: 13,430	Re: Employers Give Major Incentives to Workers who Buy Hybrids Anyone hear any news on the Malibu hybrid front? GM's been extremely quiet for about a year now after the big announcement that it would make one. No mention of it here: 2007 Malibu Changes But I thought it was due this summer... __________________ The Latest: Step by Step - How to Play Commodore 64 Games on a PC

06-11-2006, 03:19 PM	#4 (permalink)
AmericanRevv 2.0 Liter Supercharged ECOTEC Join Date: Apr 2005 Posts: 150	Re: Employers Give Major Incentives to Workers who Buy Hybrids Will they also cover the battery replacement, pay for towing sevice on the side of the road? And what about the fires and the recall on the steering? I'd make them give me an incentive for an alternative fuel vehicle like E-85 that won't give me trouble.

06-11-2006, 03:46 PM	#6 (permalink)
mjd1001 6.2 Liter Vortec V8 Join Date: Apr 2003 Location: Daytona Beach, FL and Upstate NY Drives: 2008 Saturn Vue Redline Posts: 2,629	Re: Employers Give Major Incentives to Workers who Buy Hybrids I know this is well intentioned, but exactly what is the intention? If to promote hybrid purchasing..so it helps the technology along that is fine. Someone else in an article this year pointed out something else though. The gas saved and the polution prevented by someone buying a Hyrbrid instead of a non-hybrid version of a brand new car is much smaller than the difference between someone driving a 15 year old car versus any new car. Instead of incentives to get people to buy Hybrids...how about taking that money and instead doing something to get people out of 15, 20, 25 year old pollution billowing cars and trucks and into a new car or truck that uses less gas and emits MUCH less polution.

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06-11-2006, 04:03 PM	#7 (permalink)
LAMRONH 7.0 Liter LS7 V8 Join Date: Nov 2004 Location: Caveville, Neanderthallande Drives: 2007 black KIA Spectra EX. Have club, will travel. Posts: 8,947	Re: Employers Give Major Incentives to Workers who Buy Hybrids This smells funny. Like an understanding between Toyota and BofA? http://www.bankofamerica.com/communi...storictax_proj __________________ The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn't want to go bankrupt. People must again learn to work, instead of living on public assistance. Cicero (106 BC - 43 BC), 55 BC

06-11-2006, 05:40 PM	#13 (permalink)
grandam_man 3.5 Liter V6 Join Date: Nov 2005 Location: Indiana Drives: 2000 Grand Am SE V6, plz dont laugh i got it prett Posts: 214	Re: Employers Give Major Incentives to Workers who Buy Hybrids Which will rule in the future? diesels or electric hybrids? or a combination of both? Before fuel cells of course... __________________ 1982 Pontiac Firebird Trans Am 14mpg 2000 Pontiac Grand Am SE2 30mpg ------------------------------------------- http://www.thebestpageintheuniverse.net/c.cgi?u=civic "88,958 people modified their cars in hopes of making it look unlike the cheap piece of **************** that it is."

06-11-2006, 06:53 PM	#15 (permalink)
asim Firebird Concept (the turbine one) Join Date: Mar 2005 Location: Houston, TX Posts: 11,271	Re: Employers Give Major Incentives to Workers who Buy Hybrids Well this is just interesting...do they really want to discount hybrids for their workers, or is it some type of evil scheme? LOL __________________ I'll make a new sig. Later.

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