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NINETY EIGHT REGENCY

Hybrid and Diesel Tax Credits to End on December 31

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Hybrid and Diesel Tax Credits to End on December 31

FRIDAY, DECEMBER 10, 2010

2011Civic_GX_02.jpg

If you’re still in the market for a hybrid or clean diesel, you should try to get one this holiday season, as most tax credits are going to expire on December 31, with no new tax breaks in sight for next year. Among the diesel models, the Mercedes ML350 BlueTec is one of the victims, while the natural gas-powered 2011 Honda Civic GX will also lose its $4,000 tax credit. The same goes for the recently introduced 2011 Hyundai Sonata Hybrid and 2011 Porsche Cayenne S Hybrid.

Chevrolet Volt and Nissan Leaf buyers are safe for now: both EVs have separate tax credits that don’t expire this year. The Alternative Motor Vehicle Credit was legislated under the Energy Policy Act of 2005 and supported buyers of eco-friendly vehicles with incentives. Currently, hybrids get tax breaks ranging from $900 up to $3,400.

Below is a list of cars and trucks that still qualify for tax credits:

• 2010-2011 BMW ActiveHybrid X6: $1,550

• 2011 BMW ActiveHybrid Li: $900

• 2011 BMW ActiveHybrid 750i: $900

• 2011 BMW 335d: $900

• 2011 BMW X5 xDrive 35d: $1,800

• 2010-2011 Cadillac Escalade Hybrid: $2,200

• 2010 Chevrolet Malibu Hybrid: $1,550

• 2010-2011 Chevrolet Silverado Hybrid: $2,200

• 2010-2011 Chevrolet Tahoe Hybrid: $2,200

• 2010-2011 GMC Sierra Hybrid: $2,200

• 2010-2011 GMC Yukon Hybrid: $2,200

• 2010-2011 Honda Civic GX: $4,000

• 2011 Mercedes-Benz E350 BlueTec: $1,550

• 2011 Mercedes-Benz GL350 BlueTec: $1,800

• 2011 Mercedes-Benz ML350 BlueTec: $900

• 2011 Mercedes-Benz R350 BlueTec: $1,550

• 2010 Mercedes-Benz S400 Hybrid: $1,150

• 2010-2011 Mercedes-Benz ML450 Hybrid: $2,200

• 2010-2011 Nissan Altima Hybrid: $2,350

LINK:

http://carscoop.blogspot.com/2010/12/hybrid-and-diesel-tax-credits-to-end-on.html

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