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Hyundai Sonata Hybrid delay means no $1,300 tax credit?[

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Hyundai Sonata Hybrid delay means no $1,300 tax credit?

by Autoblog Staff (RSS feed) on Dec 10th 2010 at 11:31AM

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In mid-October, Hyundai announced that its 2011 Sonata Hybrid would be eligible for a $1,300 tax credit. The electrified mid-size sedan was to officially hit the market before the end of the year and the first 60,000 buyers who plopped down some coin for the Sonata Hybrid would've walked away with that juicy credit in their pockets. However, there's a hitch: the Sonata Hybrid has been delayed and its release date pushed back until January, and GreenCarReports.com indicates that that will dash any hopes of receiving the credit, which expires on December 31.

Even so, the Sonata Hybrid still remains one of only a few mid-size hybrid sedans capable of achieving great fuel economy – 36 miles per gallon city and 40 mpg highway – and many of its competitors like the Ford Fusion Hybrid, Toyota Camry Hybrid and Chevrolet Malibu Hybrid either no longer qualify for the tax credits or aren't available for purchase. The Sonata Hybrid is a capable car and one of the most compelling new vehicles in the mid-size segment, so missing out on the credit probably won't affect sales dramatically, but its delay will mean that early adopters won't have an extra $1,300 in their couch cushions next year.

link:

http://www.autoblog.com/2010/12/10/hyundai-sonata-hybrid-delay-means-no-1-300-tax-credit/

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