By Leftlane Staff
Thursday, Jul 20th, 2006 @ 12:51 pm

The U.S. Congress today will examine ways to entice more people to buy and use hybrid vehicles, according to the Detroit News. The hearing will explore why the U.S. auto industry has lagged its Japanese rivals in developing hybrid cars, the newspaper said. It also will look at what federal and state governments can do to make hybrid ownership more appealing to consumers. Typically, hybrid cars cost $5,000 more than their gasoline counterparts — a figure that would take quite some time to recoup from gas savings alone. Earlier this year, President Bush asked Congress to lift the cap on the federal tax credits that limits incentives to to the first 60,000 vehicles per manufacturer. This became a problem for Toyota when it recently exceeded sales of 60,000 hybrids this year.

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