Back to top Jump to featured resources
Article filed under Energy, Energy Self-Reliant States

Private Company Offers Employees $5,000 to Purchase Fuel-efficient Vehicles

| Written by John Farrell | No Comments | Updated on Dec 6, 2004 The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/private-company-offers-employees-5000-purchase-fuelefficient-vehicles/

While Democratic Energy is primarily tracking energy innovations in the public sector, we thought that you’d be interested in this energy policy development from the private sector announced last week by the Hyperion Solutions Corporation.

Hyperion, a software company based in Santa Clara, CA, is providing up to $1,000,000 a year in rebates to encourage its employees to purchase fuel-efficient cars. Up to 200 employees a year are eligible on a first come, first serve basis for $5,000 toward the purchase of a vehicle getting at least the equivalent of 45 miles per gallon of gasoline. The standard can be met by fuel-efficient vehicles using technologies such as hybrid, diesel and electricity that increasingly are available in most of the countries in which Hyperion does business. Hyperion calls its program the “Drive Clean to Drive Change” initiative. As of September 30, 2004, Hyperion employed 2,485 employees worldwide and employees who have been with the company one year or longer can seek reimbursement for one vehicle every four years. Hyperion also launched the Companies for Clean Air Consortium to help other companies create similar programs.

More

  • http://www.hyperion.com/

Tags:

About John Farrell

John Farrell directs the Energy Democracy initiative at the Institute for Local Self-Reliance and he develops tools that allow communities to take charge of their energy future, and pursue the maximum economic benefits of the transition to 100% renewable power. More

Contact John   |   View all articles by John Farrell