Skip to Content

Honda's hybrid tax credit to be halved again on July 1

by Jeremy Korzeniewski (RSS feed) on Jun 19th 2008 at 8:42AM

Back on the first of January of this year, Honda's hybrid tax credits began their slide down towards zero due to the fact that the automaker passed sixty-thousand hybrid sales. While you can argue with the reasoning behind the credits in the first place along with the arbitrary number of people who will get them, but the rules are what they are. So, starting on July 1, the tax credit for any Honda hybrid vehicle will be halved yet again, bringing the available credit to just one-fourth of the original level.

As of today, the Honda Civic hybrid gets a credit of $1,050. From July 1 to December 31, that credit will be $525. Don't complain too much, though, as the credit will officially run out on January 1, 2009. Ford, General Motors and Nissan have yet to hit the magic sixty-thousand number, so the full credit still applies for those manufacturers. Toyota hybrids are no longer eligible for any credit at all, as it has sold way too many Priuses to qualify any longer.

[Source: FuelEconomy.gov]

Filed under: Hybrid, Honda, Legislation and Policy, Green Daily, USA

Tags: civic hybrid, CivicHybrid, honda civic hybrid, honda hybrid, honda tax, honda tax credit, HondaCivicHybrid, HondaHybrid, HondaTax, HondaTaxCredit, hybrid tax, hybrid tax credit, hybrid tax credits, hybrid taxes, HybridTax, HybridTaxCredit, HybridTaxCredits, HybridTaxes

Reader Comments (Page 1 of 1)

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.


Featured Galleries

  • 2009 Rolls-Royce Phantom
  • Smart ED production
  • Tesla Roadster audio recording for video games
  • Production i-MiEVs in the UK
  • Hyundai 2.4L direct injected Theta II
  • Mercedes-Benz Citaro FuelCELL-Hybrid bus
  • Chevy Volt hits the streets in Royal Oak
  • 2010 Nissan LEAF
  • 2010 Mercedes-Benz ML450 hybrid
  • Renault Fluence ZE concept
  • Governor Schwarzenegger with the Zero S
  • Peugeot Concept HYbrid3 Evolution

Categories

Autoblog

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum