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Bank Offers Employees Incentive To Buy Hybrid Cars
Company Announces $3,000 Rebate
POSTED: 6:16 pm EDT June 7,
2006
UPDATED: 7:03 pm EDT June 7,
2006
BOSTON -- With gas prices once again on the way up, a major Boston employer is giving workers even more incentive to buy a hybrid vehicle.Robbyn Tangney is a Bank of America employee who said her family has been thinking of buying a hybrid car, NewsCenter 5's Amalia Barreda reported. With the bank's announcement of a $3,000 rebate to employees who go hybrid, Tangney said she will probably take advantage of the offer."We recycle. I take public transportation to work, and we do what we can to do our part, so it just makes a little more financial sense, as well, with this benefit," she said.
"Our associates care about working for a socially responsible company, and we care about being a socially responsible company," Bank of America spokeswoman Anne Finucane said.For two popular models, the numbers tell the story. A motorist who logs 25,000 miles a year in a Toyota Highlander and pays $2.99 a gallon for gasoline realizes a savings of more than $1,100.Environmentally, the car releases nearly 7,200 fewer pounds of noxious gases into the atmosphere.The money savings for a Hybrid Honda Accord is $582. The reduction in poisonous gases is nearly 4,000 pounds.They are significant numbers now that the price of gasoline at some gas stations is well past the $3 per gallon mark, with predictions that it's going to be a volatile summer at the pump.Gov. Mitt Romney praised Bank of America Wednesday for doing its part in getting the country off foreign oil."Energy efficiency and using less oil is good for America and good for our economy," Romney said.
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