2010 Ford Fusion Hybrid and Mercury Milan Hybrid eligible for $3,400 tax credit

FoMoCo announced today that its 2010 Ford Fusion Hybrid and its 2010 Mercury Milan Hybrid are available of a $3,400 tax credit from the federal government. The tax credit is the highest credit amount ever offered for hybrids purchased after Dec. 31, 2005.

Power for both FoMoCo models comes from a 2.5L 4-cylinder engine that makes 155-hp with maximum torque of 136 lb-ft. Both average an EPA certified fuel-economy of 41/36 mpg (city/highway) and are able to travel more than 700 miles on a single tank of gas.

Note: If you want the full tax credit amounts on the Fusion and Milan Hybrids you better act quit. After March 31, 2009, customers who purchase a hybrid vehicle will only be able to claim a partial tax credit as described in the table posted after the jump.

The tax credit amounts available for 2009 and 2010 model year hybrid vehicles are as follows:

Tax Credit Amount

  1/1 – 3/31/09 4/1 – 9/30/09 10/1/09 ““ 3/31/10 4/1/10 and later
2010 Fusion Hybrid

$3,400

$1,700

$850

$0

2010 Milan Hybrid

$3,400

$1,700

$850

$0

2009 Escape Hybrid FWD

$3,000

$1,500

$750

$0

2009 Escape Hybrid 4WD

$1,950

$975

$487.50

$0

2009 Mariner Hybrid FWD

$3,000

$1,500

$750

$0

2009 Mariner Hybrid 4WD

$1,950

$975

$487.50

$0

 

Tax Credit Update
Customers who purchase a Ford or Mercury brand hybrid by March 31, 2009 will remain eligible for the full tax credit amounts.  Beginning April 1, 2009 customers who purchase a hybrid will only be able to claim a partial tax credit as described in the table above.

Since Ford Motor Company reached the 60,000 vehicle threshold in the 4th quarter of 2008, the tax credit amounts are reduced by 50 percent beginning in the second quarter of 2009 and by an additional 25 percent beginning in the fourth quarter of 2009.  No tax credit amount is available for hybrids after March 31, 2010.

2010 Ford Fusion Hybrid:

 

 

2010 Mercury Milan Hybrid: