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Hybrids certified for new energy tax credit

November 18, 2010

The Internal Revenue Service permits the following hybrid-vehicle factory certifications and credit amounts:

 

  • 2006 Ford Escape Hybrid, front-wheel drive: $2,600
  • 2006 Ford Escape Hybrid, 4WD: $1,950
  • 2006 Mercury Mariner Hybrid, 4WD: $1,950
  • 2005 Toyota Prius: $3,150
  • 2006 Toyota Prius: $3,150
  • 2006 Toyota Highlander 4WD Hybrid: $2,600
  • 2006 Toyota Highlander 2WD Hybrid: $2,600
  • 2007 Toyota Camry Hybrid, $2,600
  • 2006 Lexus RX400h 2WD: $2,200
  • 2006 Lexus RX400h 4WD: $2,200
  • 2007 Lexus GS 450h, $1,550

 

The tax credit for hybrid vehicles applies to vehicles purchased on or after Jan. 1, 2006. It replaces the tax deduction of $2,000 that previously was allowed for the purchase of new hybrid vehicles before Dec. 31, 2005.

 

The new tax credits come at a time when sales of some hybrids have begun to slow, according to The Wall Street Journal. "Hybrids like the Toyota Prius and Honda Civic Hybrid," the newspaper reported, "still enjoy strong demand.

 

"But the slowdown for some other models comes as more consumers are questioning whether hybrid vehicles deliver sufficient fuel savings in real-world driving to justify the extra cost of the technology.

"Consumer demand for hybrid gas-electric vehicles is being watched closely by auto executives and advocates of technology to cut automotive petroleum consumption."

 

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