December 28, 2004

Hybrid car incentives the latest in employee benefits

Last week we told you how a California-based software company decided to give its employees a $5,000 incentive toward buying a gas-electric hybrid car. This week Timberland, Co., a New Hampshire-based maker of hiking boots, announced a $3,000 incentive for its 6,000 employees. Hybrid vehicles are currently manufactured by Honda, Toyota and Ford and they have the potential to obtain 50 miles per gallon or more. The IRS also gives a tax break to those who drive hybrids.

"We want to make this as attractive as possible to our employees because we want to make a significant difference in the amount of carbon dioxide produced when our employees drive," said Terry Kellogg, who oversees Timberland's environmental programs.

Would you consider buying a hybrid car in the near future? Fill out our survey below.

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Posted by Blogger Chris at December 28, 2004 11:23 AM | TrackBack
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