Many Companies Offering Hybrid Credits
Bank of America said it will reimburse $3000 to thousands of employees who buy a new hybrid vehicle, joining other companies offering similar deals.
The nation's No. 2 bank will make the rebates available to more than 21,000 employees who live within 90 miles of Boston, Charlotte, and Los Angeles. The bank's headquarters are in Charlotte.
The hybrid program expands our commitment to the environment and helps our associates to participate in making a difference while cutting down on their commuting costs.
The bank described the offer as a pilot program and said it will evaluate participation to assess how it could be rolled out to all employees.
The program is being offered to all full-time and part-time employees working at least 20 hours a week in the three metropolitan areas covered by the bank's pilot program.
Bank of America is not the only company offering incentives to employees buying hybrid vehicles.
Google and software developer Hyperion Solutions (California based) offer their employees $5000 if they buy a hybrid car with a gas mileage rating of at least 45 miles to the gallon.
And closely held Integrated Archive Systems, in Palo Alto, CA, offers a similar, but more lucrative rebate program to its workers, promising $10000 to those buying a hybrid.
Hybrid cars run on a gasoline engine and an electric motor, allowing for better fuel economy and lower emissions.
Many hybrid owners are also eligible for federal tax breaks, and some highways allow drivers to use high-occupancy vehicle lanes without carrying a passenger if they are driving a hybrid.
The nation's No. 2 bank will make the rebates available to more than 21,000 employees who live within 90 miles of Boston, Charlotte, and Los Angeles. The bank's headquarters are in Charlotte.
The hybrid program expands our commitment to the environment and helps our associates to participate in making a difference while cutting down on their commuting costs.
The bank described the offer as a pilot program and said it will evaluate participation to assess how it could be rolled out to all employees.
The program is being offered to all full-time and part-time employees working at least 20 hours a week in the three metropolitan areas covered by the bank's pilot program.
Bank of America is not the only company offering incentives to employees buying hybrid vehicles.
Google and software developer Hyperion Solutions (California based) offer their employees $5000 if they buy a hybrid car with a gas mileage rating of at least 45 miles to the gallon.
And closely held Integrated Archive Systems, in Palo Alto, CA, offers a similar, but more lucrative rebate program to its workers, promising $10000 to those buying a hybrid.
Hybrid cars run on a gasoline engine and an electric motor, allowing for better fuel economy and lower emissions.
Many hybrid owners are also eligible for federal tax breaks, and some highways allow drivers to use high-occupancy vehicle lanes without carrying a passenger if they are driving a hybrid.
posted by Ottawa Gas Prices | 5:00 AM
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