Hybrid Vehicle Sales Information and Tax Credits

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Gman
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Hybrid Vehicle Sales Information and Tax Credits

What hybrids are available?

Honda Accord Hybrid
Honda Civic Hybrid
Ford Escape Hybrid
GMC Silverado Hybrid
GMC Sierra Hybrid
Toyota Prius
Toyota Highlander Hybrid
Lexus 400h
Mazda Tribute Hybrid
Mercury Mariner Hybrid
Lexus GS 450h
Saturn VUE Green Line

2007 Hybrid Electric Passenger Vehicles Sales (through February 2007)

Honda Accord: 560

Honda Civic: 3,707

Lexus RX400h: 2,494

Toyota Camry: 6,133

Toyota Highlander: 1,892

Toyota Prius: 20,526

Total for the vehicles above: 37,119

2006 Hybrid Electric Passenger Vehicle Sales (through December 2006)

Honda Accord: 5,598

Honda Civic: 31,253

Honda Insight: 722

Ford Escape Hybrid: 19,228

Mercury Mariner Hybrid: 3,375

Toyota Camry Hybrid: 27,336 (excludes December 2006 sales; on sale April 2006)

Toyota Prius: 106,971

Toyota Highlander: 31,485

Lexus RX 400h: 20,161

Lexus GS 450h: 513 (Excludes October-December 2006 sales; on sale April 2006)

TOTAL: 246,642*

*2006 Hybrid Sales Total does not include December Camry Hybrid Sales and GS450h October-December sales.

2005 Hybrid Electric Passenger Vehicle Sales

Honda Accord: 16,826

Honda Civic: 25,864

Honda Insight: 666

Ford Escape: 18,797

Toyota Prius: 107,897

Toyota Highlander: 17,989 (on the market in June 2005)

Lexus 400h: 20,674 (on the market in April 2005)

Mercury Mariner: 998

TOTAL: 209,711

Total Hybrid Electric Passenger Vehicle Sales 2000-2006

2000: 9,367
2001: 20,287
2002: 35,961
2003: 47,525
2004: 83,153
2005: 209,711
2006: 246,642 (not including 1 month of Camry Hybrid Sales, 3 months of GS450h sales)

Breakdown of 2004 Registrations (courtesy of R.L. Polk)

Ford Escape: 2,566
Honda Insight: 587
Honda Civic: 25,586
Honda Accord: 653
Toyota Prius: 53,761


Federal Hybrid Tax Credits

The Internal Revenue Service has acknowledged the certification of vehicles that qualify for the hybrid tax credit enacted by the Energy Policy Act of 2005. The tax credit for hybrid vehicles applies to vehicles purchased on or after January 1, 2006, and may be as much as $3,400 for those who purchase the most fuel-efficient vehicles.

Starting in 2006, this tax credit replaces the tax deduction of $2,000 which was previously allowed for taxpayers who purchased a new hybrid vehicle before December 31, 2005 for the clean-burning fuel deduction. The tax credit requires a different certification. Many currently available hybrid vehicles may qualify for this new tax credit.

Consumers seeking the credit may want to buy early since the full credit is only available for a limited time. Taxpayers may claim the full amount of the allowable credit up to the end of the first calendar quarter after the quarter in which the manufacturer records its sale of the 60,000th vehicle. For the second and third calendar quarters after the quarter in which the 60,000th vehicle is sold, taxpayers may claim 50% of the credit. For the fourth and fifth calendar quarters, may claim 25% of the credit. No credit is allowed after the fifth quarter.

The following tax credits apply:

Model Year 2007

Chevrolet Silverado 2WD Hybrid Pickup Truck — $250

Chevrolet Silverado 4WD Hybrid Pickup Truck — $650

Ford Escape Hybrid 2WD — $2,600

Ford Escape Hybrid 4WD — $1,950

GMC Sierra 2WD Hybrid Pickup Truck — $250

GMC Sierra 4WD Hybrid Pickup Truck — $650

Honda Civic Hybrid CVT--$2,100

Honda Accord Hybrid AT--$1,300

Honda Accord Hybrid Navi AT--$1,300

Lexus GS 450h — $775 (until March 31, 2007) $387.50 (April 1, 2007-September 30, 2007). No credit after October 1, 2007.

Lexus RX 400h 2WD and 4WD-$1,100 (until March 31, 2007) $550 (April 1, 2007-September 30, 2007). No credit after October 1, 2007.

Mercury Mariner 4WD Hybrid — $1,950

Nissan Altima Hybrid--$2,350

Saturn Vue Green Line — $650

Toyota Camry Hybrid — $1,300 (until March 31, 2007) $650 (April 1, 2007-September 30, 2007). No credit after October 1, 2007.

Toyota Prius-$1,575 (until March 31, 2007) $787.50 (April 1, 2007-September 30, 2007). No credit after October 1, 2007.

Toyota Highlander Hybrid-$1,300 (until March 31, 2007) $650 (April 1, 2007-September 30, 2007). No credit after October 1, 2007.

Model Year 2006

Chevrolet Silverado 2WD Hybrid Pickup Truck — $250

Chevrolet Silverado 4WD Hybrid Pickup Truck — $650

Ford Escape Hybrid (Front) 2WD — $2,600

Ford Escape Hybrid 4WD — $1,950

GMC Sierra 2WD Hybrid Pickup Truck — $250

GMC Sierra 4WD Hybrid Pickup Truck — $650

Honda Accord Hybrid AT w/updated calibration and Navi AT w/updated calibration — $1,300*

Honda Civic Hybrid CVT — $2,100

Honda Insight CVT — $1,450

Lexus RX400h 2WD — $1,100 (until March 31, 2007) $550 (April 1, 2007-September 30, 2007). No credit after October 1, 2007.

Lexus RX400h 4WD — $1,100 (until March 31, 2007) $550 (April 1, 2007-September 30, 2007). No credit after October 1, 2007.

Mercury Mariner Hybrid 4WD — $1,950

Toyota Highlander 2WD Hybrid — $1,300 (until March 31, 2007) $650 (April 1, 2007-September 30, 2007). No credit after October 1, 2007.

Toyota Highlander 4WD Hybrid — $1,300 (until March 31, 2007) $650 (April 1, 2007-September 30, 2007). No credit after October 1, 2007.

Toyota Prius — $1,575 (until March 31, 2007) $787.50 (April 1, 2007-September 30, 2007). No credit after October 1, 2007.

*2006 Honda Accord Hybrid AT and Navi AT without updated calibration qualify for a credit of $650.

Model Year 2005

Honda Accord Hybrid AT and Navi AT — $650
Honda Civic Hybrid MT and CVT — $1,700
Honda Insight CVT — $1,450
Toyota Prius — $1,575 (until March 31, 2007) $787.50 (April 1, 2007-September 30, 2007). No credit after October 1, 2007.

Beginning October 1, 2007, taxpayers who buy a Toyota hybrid cannot claim the related tax credit.

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Gman

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