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Expensive electric sports car coming in 2008

October 26, 2007

The hubby and I are tooling around the wilds of West Texas, so the auto shown below probably wouldn’t be our best vehicular choice.

Tesla_roadster2_2

But c’mon! Doesn’t this Tesla Roadster look great? You can drool over more images here.

Actually, now that I think about it, this car might be a good fit for long-distance driving, especially if you’re looking for a vehicle that doesn’t spit out noxious emissions. The Tesla Roadster is electric.

It uses 6,831 lithium-ion batteries similar to the one in your laptop, along with a patented electric-motor system and a sophisticated package of controllers and software. The company says it can cover up to 245 miles on a single charge.

And true to its sports car design, it goes from zero to 60 miles per hour in under four seconds.

There’s just one little drawback. The sticker price is $98,000.

If I start saving now, maybe by the time Tesla Motors puts the Roadster on actual roads next year, I’ll have enough for a decent down payment!

Alternative alternative-fuel vehicles: Perhaps I should concentrate on a hybrid as my choice for a environmentally friendly vehicle. Plus, if I pick the right model, I can get a decent tax break to boot.

Purchase of a Toyota or Lexus hybrid won’t do me or any other buyer any tax good now, but all other IRS-approved hybrids still can net some tax savings.

Honda will be the next automaker to see its tax credits reduced. As of June 30, the company had sold 58,872 qualifying hybrid vehicles. When the IRS gets official word that 1,128 more are driven off Honda lots, then its tax credits start phasing out, too,

Check out this IRS Web page for the latest info on which vehicles qualify and at what tax credit levels.

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TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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Comments
  • used cars Gloucester
    14 years ago Reply

    Wow! so expensive! but there are people who don’t look at the price. it is their passion about cars that matters most from them. So, whatever its price there are still people who will have a desire to have this.

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