1. Are you planning to keep the Prius past the time where the batteries have to be replaced (about $6,500 according to my research)? If so, you'd better start setting aside that tax credit money now.
2. The tax credit did NOT dry up the "demand of socially conscious folks willing to pay a bit more to be green." In keeping with well established economic principles, by reducing the credit in proportion to the number of Priuses sold - which is what the Federal law mandates - the Feds reduced the subsidy for going "green." Since you always get more of what you subsidize, this should be no surprise to you.
3. Lexus is introducing a hybrid LS class car that promises V-12 performance with V-8 power - and fuel savings. The gas powered LS gets 18 MPG in the EPA combined cycle, the hybrid gets 22. A gas powered LS costs about $95,000, the hybrid $115,000. Given the need for battery replacement, does it make ANY sense to drop $20,000 more for the hybrid?
4. As for ethanol: Since you obviously didn't read the article I cited, let me help you:
Burning ethanol has a mixed effect on vehicle emissions. According to the Department of Energy, E85 in place of gasoline reduces carbon monoxide by four percent and NOx by 59 percent, but it raises total hydrocarbon by 43 percent.
Ethanol is free of certain toxic chemicals ? benzine and xylene ? that are associated with gasoline, but exposures to those substances are so small that no one is worrying about them today. On the other hand, ethanol exhaust emissions do contain acetaldehydes not found in gasoline exhaust.
And further:
When fossil fuels are burned, they release carbon that was removed from the atmosphere billions of years ago by plants and stored in fossils ever since. This release, in the form of carbon dioxide, builds up greenhouse gases that are widely believed to be causing climate change. Ethanol releases carbon dioxide, too, but some of it was removed from the air recently by the plants grown as feedstock for ethanol production. So ethanol recycles a share of its carbon, and the size of that recycled share determines its greenhouse appeal.
Ideally, ethanol would be efficient enough as a fuel to power ethanol-production factories. But it?s nowhere close. With today?s technology, the carbon dioxide released by the fossil fuel used to produce ethanol towers over the amount recycled.
Switching from gasoline to ethanol would have an ?ambiguous effect? on greenhouse gases, according to the (University of California,) Berkeley study, with reported values ranging from a 32-percent decrease to a 20-percent increase. It concluded that a 13-percent reduction was likely per BTU.
The U.S. Department of Energy was less optimistic, concluding that E85 produces only a four-percent reduction in carbon dioxide. In the near term, ethanol has no chance of mitigating global warming.
If we're going to seek new tech for personal transportation, we need to get better batteries and a whole lot more electricity without the need for more fossil fuel consumption. We CAN do this; do you know that a solar farm of about 10,000 square miles - which could easily fit into the vast Federal lands in any Southwest state - would provide all our electricity for the next 20 years, using present solar cell technology? Do you know that using systems now coming online, that an equivalent area of wind turbines can do the same thing (This assumes that rich libs like Ted Kennedy and Babs Streisand don't get all NIMBY on us when the wind farms are to be located off their resort islands.)?
So, given the fraudulent nature of hybrids and ethanol, what to do? Since oil supplies are still abundant, and refinery capacity is seriously unable to meet the demand, the first thing we need to do, IMO, is fast track more refinery capacity. We also need to seriously consider more nuclear power plants.
Of course, from what I've read, we may get to the so far unattainable hydrogen economy faster than we think, assuming that better fuel cells can be built - although building the infrastructure to support that will be very costly.
Please think further ahead than your next Federal tax return, Dave, and stop jumping aboard every scam that's being proposed. The only difference between the hybrid/ethanol scam and the "100 MPG carburator" scam of not too long ago is that more people believe the former than did the latter.