Save Some Green By Going Green

Hybrid Electric Vehicles (HEVs) are finally ready for prime time. They have the horsepower we’ve been waiting for, great body styles and are available in a widening range of prices. While there currently aren’t any breaks available in car insurance premiums for going green, there are definite advantages to be had. Those who choose HEVs over gas-powered vehicles help protect the environment, save money at the gas pump, and, in some states, are eligible for a tax deduction. So while InsureMeOnline.com handles your car insurance discounts, you can consider the rest. Here’s the breakout:

Helping the Environment
Pollutants and chemicals from vehicle exhaust harm the environment and aggravate breathing problems. HEVs, with their fuel efficiency and increased fuel economy, emit less pollution. Every little bit counts, especially as smog and greenhouse gas problems continue to worsen. HEVs help do their part to protect the environment as well as our finite supply of fossil fuels.

If you’re not currently in the market to buy a hybrid vehicle, you can still do your part by driving less or carpooling whenever possible. Driving less will save you money on gas, and can even reduce your car insurance rates: Fewer miles driven means a lower likelihood of accidents.

Saving at the Pump
As the price of gasoline heads for the $4/gallon mark, HEVs look more attractive than ever. Over 60 miles per gallon with an HEV is typical. Hybrid vehicles conserve gas by increasing the efficiency of how that gas is burned. They can turn energy into electricity while the vehicle is coasting and braking. Electricity is then stored in a battery until it’s needed. In some HEVs, the engine automatically shuts off when it’s stopped and restarts when the accelerator is pushed.

Receiving a Tax Deduction
HEV owners may be eligible for a federal or state tax deduction. Federally, buyers of hybrid vehicles could be eligible for a one-time $2000 deduction in the year of purchase. For more information about the benefits of HEVs and tax deductions available, visit the Department of Energy’s HEV Program Web site at http://www.eere.energy.gov/cleancities/about.html.

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