Report: U.S. will not receive tax credits for hybrids after December 31

Time is quickly running out for those who have been contemplating to buy a hybrid and hoping to get the tax credit. On Dec. 31, 2010, Energy Policy Act of 2005 is set to end. According to a report by KicingTires, there are no plans to establish a new incentive plan for next year. The ending of this law affects the hybrid market and some diesel cars.

And the compressed-natural-gas-powered 2011 Honda Civic GX will also lose the $4,000 tax incentive. It should be noted too that the tax credits for electric vehicles such as the Chevrolet Volt and Nissan Leaf will remain since they are not covered by the said law.
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e46m3d - 12/18/2010 2:23:14 PM

+4 Boost

I was thinking it might make sense to get a diesel, but it would take 10 years of mpg savings to eat the $3000-$4000 premium of a diesel car. The lack of tax credit won't make it any easier.

Larrybel2000 - 12/18/2010 11:16:24 PM

-1 Boost

Lets see how they really sell.

I95SPEEDINGTICKETS - 12/20/2010 8:19:26 AM

+1 Boost

Interesting.

You state what is essentially the truth. That these vehicles should be placed at their own merit in the forecourt and see which the prospective buyers choose, Hybrid or Petrol or Diesel based on price.

Yet you get deebosted.

MorePower - 12/19/2010 4:01:55 AM

0 Boost

It's about damn time!