Toyota announced this week that sales of its Prius compact car hit 504,700 units worldwide at the end of April. The Prius was first introduced in 1997. Earlier this week, we reported that Toyota would likely announce it has sold 60,000 hybrids this year, which would spell an end to tax incentives for buyers of the cars. Today, the official announcement came, and a date was set for an end to the tax credits. Prius buyers have until September 30th to qualify for the $3,150 credit. After that date, the incentive will be cut to $1575 for the next 6 months, and then drop to $787 before being discontinued entirely.
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