Hybrid Vehicle Credits

May 13, 2009 | Subscribe to our RSS Feed

Hybrid Vehicle Credit and Green Vehicles for 2009 and 2010

Beginning January 1st, 2009, the 2009 Recovery Act provides a personal credit (applied against the AMT) for purchasing an alternative motor vehicle.

Certified 2010 vehicles. IRS has provided a list of qualified 2010 model year hybrid vehicles, followed by the applicable credit amount:

• Ford Fusion Hybrid – $3,400
• Mercury Milan Hybrid – $3,400

Certified 2009 vehicles. IRS has provided a list of qualified 2009 model year hybrid vehicles, followed by the applicable credit amount:

• Cadillac Escalade Hybrid 2WD – $2,200
• Cadillac Escalade Hybrid All Wheel Drive – $1,800
• Chevrolet Tahoe Hybrid C1500 2WD – $2,200
• Chevrolet Tahoe Hybrid K1500 4WD – $2,200
• Chevrolet Silverado Hybrid C15 2WD – $2,200
• Chevrolet Silverado Hybrid K15 4WD – $2,200
• Chevrolet Malibu Hybrid – $1,550
• Chrysler Aspen Hybrid – $2,200
• Dodge Durango Hybrid – $2,200
• Ford Escape Hybrid 2WD – $3,000
• Ford Escape Hybrid 4WD – $1,950
• GMC Sierra Hybrid C15 2WD – $2,200
• GMC Sierra Hybrid K15 4WD – $2,200
• GMC Yukon Hybrid C1500 2WD – $2,200
• GMC Yukon Hybrid K1500 4WD – $2,200
• Mazda Tribute Hybrid 2WD – $3,000
• Mazda Tribute Hybrid 4WD – $1,950
• Mercury Mariner Hybrid 2WD – $3,000
• Mercury Mariner Hybrid 4WD – $1,950
• Nissan Atima Hybrid – $2,350
• Saturn Aura Hybrid – $1,550
• Saturn Vue Hybrid – $1,550

The Recovery Act also provides two new energy-related “green” motor vehicle alternatives.

• 10% nonrefundable personal credit ($2500 maximum credit) for electric drive low-speed vehicles, motorcycles and three-wheeled vehicles for qualified vehicles purchased between Feb. 17, 2009 and Jan. 1, 2012.
• 10% credit ($4,000 maximum credit) for the cost of converting any motor vehicle into a qualified plug-in electric drive motor vehicle. Vehicle must be properly placed into service between Feb. 17, 2009 and Jan. 1, 2012.