Scared to go hybrid? You better hurry because the hybrid tax credit expires Dec. 31
Porsche reminded us earlier this week that new car shoppers interested in purchasing a 2011 Cayenne S Hybrid better hurry since the $1,800 one-time tax credit runs out on Dec. 31. Porsche fans aren’t the only ones that will have to rush into a dealer if their considering making the jump to hybrids, the Energy Policy Act of 2005, which gave life to the Alternative Motor Vehicle Credit, expires by the end of this year.
The termination of the credit will also affect a couple of diesel models on the road including the Mercedes-Benz ML 320 and the BMW 335d.
As far as we know, there are no tax incentives for 2011. Credits for vehicles like the Chevrolet Volt and the Nissan LEAF are separate and won’t expire on Dec. 31.
Click through to see a list of vehicles eligible for the Alternative Motor Vehicle Credit.
Here are some vehicles eligible for the Alternative Motor Vehicle Credit as listed by the folks over at Cars.com.
- 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
– By: Omar Rana
