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Federal tax credits for hybrids ends on 12/31/10

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by cwerdna, Oct 19, 2010.

  1. cwerdna

    cwerdna Senior Member

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    While reading Second Drive: 2011 Hyundai Sonata Hybrid — Autoblog, this stuck out at me. I didn't realize there was also this phaseout date.
    Not this matters for potential buyers of hybrids from Toyota, Honda or Ford, but it does matter for other automakers like GM and Nissan which hadn't hit their last phaseout period.

    I've confirmed it via Federal Tax Credits for Hybrids "Vehicles purchased after December 31, 2010 are not eligible for this credit."

    I suspect that it's going to be a tougher sell for the NAH after 12/31/10. Nissan has been putting on pretty large incentives ($4500 - 5000, usually) and that combined w/the $2350 Federal tax credit makes it pretty attractive against the FFH, TCH and even non-hybrid family sedans.
     
    #1 cwerdna, Oct 19, 2010
  2. usbseawolf2000

    usbseawolf2000 HSD PhD

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    This needs to be extended. It was successful so why not?
     
    #2 usbseawolf2000, Oct 20, 2010
  3. Trollbait

    Trollbait It's a D&D thing

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    Because the government can't afford it.
    It did it's job. Hybrids are selling fine without it. Better to put the limited funds to getting people into EVs and PHEVs, or even improving building efficiency.
     
    #3 Trollbait, Oct 20, 2010
  4. adamace1

    adamace1 Senior Member

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    I think this is now a waste of tax money.
     
    #4 adamace1, Oct 20, 2010
  5. usbseawolf2000

    usbseawolf2000 HSD PhD

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    Hybrid make less than 3% market share. With new hybrid models coming out, it gives the best bang for the tax payer buck.

    Jetta TDI also gets $1,300 tax credit. Why not hybrids too?
     
    #5 usbseawolf2000, Oct 20, 2010
  6. cwerdna

    cwerdna Senior Member

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    Although Federal Tax Credit for Diesels doesn't have the same text in red, I just noticed that it also ending on 12/31/10 for diesels.
     
    #6 cwerdna, Oct 20, 2010
    1 person likes this.
  7. cwerdna

    cwerdna Senior Member

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    ^bump

    For those who are contemplating the few hybrids (no Toyotas, Hondas and Fords) that still qualify (e.g. Nissan, GM, Mercedes, BMW) and qualifying "clean diesels", the tax credit ends today (12/31/10). You've got anywhere from a few to many hours left.
     
    #7 cwerdna, Dec 31, 2010
  8. Orange Crush

    Orange Crush New Member

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    I bought a 2010 Prius IV today, Dec 31. Will I get a federal credit? I didn't see that I'd be eligible on the government link in this thread. Maybe I just can't find it. Thoughts?
     
    #8 Orange Crush, Dec 31, 2010
  9. Orange Crush

    Orange Crush New Member

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    Sorry, don't bother. It looks like NO.
     
    #9 Orange Crush, Dec 31, 2010
  10. cwerdna

    cwerdna Senior Member

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    Correct. Absolutely not. Toyota went well past their 60K qualifying hybrids and through all of their phase out period on October 1, 2007.
     
    #10 cwerdna, Dec 31, 2010
  11. Erikon

    Erikon Active Member

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    Yep, one of the drawbacks to the Prius being so successful!:D
     
    #11 Erikon, Dec 31, 2010
  12. hill

    hill High Fiber Member

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    We talking phev's or just plain ol hybrids. Because as to phev's, within the language of the tax instructions of IRS Form 8936 (for FYI 2009 ... the 2010 code isn't even finished yet) you will find the following language:

    http://www.irs.gov/pub/irs-pdf/f8936.pdf

    Now ... since we are WAY far off from 200,000 plug-in units sold ... and since the 2009 Fed tax code instructions refer to credit on plug-in vehicles after 2009 ... one might consider letting the hand wringing subside.

    ;)

    .
     
    #12 hill, Jan 1, 2011
  13. DickPhillips

    DickPhillips Member

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    We bought our Prius in Aug 2009, knowing that we would not get the tax credit. We even missed out on my state's waiving of sales tax (8.2% where I live) on hybrids that was supposed to last through 09 but was dropped mid-year because of the worsening economy and it's related cost to state tax collections. But we bought it because that car was what we wanted. I think it probably is time to end this government giveaway as the cars now sell themselves even if and when they perhaps cost a little more than an alternative choice.
     
    #13 DickPhillips, Jan 9, 2011
  14. PriusSport

    PriusSport senior member

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    The state of PA killed their $500 rebate program for hybrids without any notice. We applied for a rebate in time, but never got it. They now have a rebate program for full electrics. There aren't many of those. The Leaf?
     
    #14 PriusSport, Jan 9, 2011
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