1. Attachments are working again! Check out this thread for more details and to report any other bugs.

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

    Joined:
    Sep 4, 2005
    12,544
    2,123
    1
    Location:
    SF Bay Area, CA
    Vehicle:
    2006 Prius
    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

    Joined:
    Sep 22, 2004
    14,487
    2,996
    0
    Location:
    Fort Lee, NJ
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    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

    Joined:
    Feb 7, 2006
    22,027
    11,498
    0
    Location:
    eastern Pennsylvania
    Vehicle:
    Other Non-Hybrid
    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

    Joined:
    Jun 22, 2009
    1,403
    191
    0
    Location:
    Charlotte, NC
    Vehicle:
    2010 Prius
    Model:
    II
    I think this is now a waste of tax money.
     
    #4 adamace1, Oct 20, 2010
  5. usbseawolf2000

    usbseawolf2000 HSD PhD

    Joined:
    Sep 22, 2004
    14,487
    2,996
    0
    Location:
    Fort Lee, NJ
    Vehicle:
    2012 Prius Plug-in
    Model:
    Plug-in Base
    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

    Joined:
    Sep 4, 2005
    12,544
    2,123
    1
    Location:
    SF Bay Area, CA
    Vehicle:
    2006 Prius
    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

    Joined:
    Sep 4, 2005
    12,544
    2,123
    1
    Location:
    SF Bay Area, CA
    Vehicle:
    2006 Prius
    ^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

    Joined:
    Dec 25, 2010
    21
    1
    0
    Location:
    Warrenville
    Vehicle:
    2010 Prius
    Model:
    IV
    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

    Joined:
    Dec 25, 2010
    21
    1
    0
    Location:
    Warrenville
    Vehicle:
    2010 Prius
    Model:
    IV
    Sorry, don't bother. It looks like NO.
     
    #9 Orange Crush, Dec 31, 2010
  10. cwerdna

    cwerdna Senior Member

    Joined:
    Sep 4, 2005
    12,544
    2,123
    1
    Location:
    SF Bay Area, CA
    Vehicle:
    2006 Prius
    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

    Joined:
    Dec 5, 2009
    819
    105
    0
    Location:
    Rochester, NY
    Vehicle:
    2010 Prius
    Model:
    III
    Yep, one of the drawbacks to the Prius being so successful!:D
     
    #11 Erikon, Dec 31, 2010
  12. hill

    hill High Fiber Member

    Joined:
    Jun 23, 2005
    19,849
    8,153
    54
    Location:
    Montana & Nashville, TN
    Vehicle:
    2018 Chevy Volt
    Model:
    Premium
    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

    Joined:
    Aug 30, 2009
    89
    58
    0
    Location:
    Mount Vernon, WA
    Vehicle:
    2017 Prius Prime
    Model:
    Prime Premium
    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

    Joined:
    May 20, 2008
    1,498
    88
    0
    Location:
    SE PA
    Vehicle:
    2013 Prius
    Model:
    Three
    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
(You must log in or sign up to post here.)