|
On August 8, 2005, President Bush signed the comprehensive energy bill into
law. Included were new tax credits for advanced vehicle technologies ranging
from $250 to $3,400 depending on the vehicle's level of fuel economy
improvement. Vehicles purchased after December 31, 2005 may qualify.
The Union of Concerned Scientists estimates the following credits for each
hybrid vehicle currently sold:
|
HEV Model |
Emissions Rating |
Tax Credit |
|
2005-2006 Toyota Prius |
Bin 3 |
$3,150 |
| 2005
Honda Insight (automatic) |
Bin 5 |
$1,450 |
| 2005
Honda Insight (manual) |
Bin 9 |
$0 |
| 2005
Honda Civic Hybrid (automatic) |
Bin 2 |
$1,700 |
| 2005
Honda Civic Hybrid (manual 5-speed) |
Bin 2 |
$1,700 |
| 2005
Honda Civic Hybrid (lean burn, automatic) |
Bin 9 |
$0 |
| 2005
Honda Civic Hybrid (lean burn, manual 5-speed) |
Bin 9 |
$0 |
| 2006
Honda Civic Hybrid |
Bin 2 |
$2,100 |
| 2005
Honda Accord Hybrid |
Bin 5 |
$650 |
| 2005
Ford Escape Hybrid (front wheel drive) |
Bin 4 |
$2,600 |
| 2005
Ford Escape Hybrid (four wheel drive) |
Bin 4 |
$1,950 |
| 2006
Mercury Mariner Hybrid (four wheel drive) |
Bin 5 |
$1,950 |
| 2006
Toyota Highlander Hybrid (front wheel drive) |
Bin 3 |
$1,950 |
| 2006
Toyota Highlander Hybrid (four wheel drive) |
Bin 3 |
$2,200 |
| 2006
Lexus RX-400h (four wheel drive) |
Bin 3 |
$2,200 |
For more information on state and federal incentives, see the
Hybrid Center
website.
Info on Alternative Motor Vehicle tax forms can be found at the
IRS website. |
