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

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