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FYI

Issue Number: IR-2006-098
Inside This Issue



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Several 2007 Ford and Mercury Vehicles
Certified for the New Energy Tax Credit

WASHINGTON — The Internal Revenue Service has acknowledged the certification by Ford Motor Company that several of its 2007 vehicles qualify for the Alternative Motor Vehicle Credit created by the Energy Policy Act of 2005. The tax credit for hybrid vehicles applies to vehicles purchased on or after Jan. 1, 2006, and could be as much as $3,400 for those who purchase the most fuel-efficient vehicles.

The hybrid vehicle certifications recently acknowledged by the IRS and their credit amounts are:

Ford Escape Front WD Hybrid Model Year 2007 $2,600
Ford Escape 4 WD Hybrid Model Year 2007 $1,950
Mercury Mariner 4 WD Hybrid Model year 2007 $1,950
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 Dec. 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.
 

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This is based upon the 'improvement over previous years' policy vice other concerns, then, because the Escape Hybrid only scores 36MPG hwy for 2007.

This is not to be confused with the 45MPG requirement for HOV access.
 

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wstander said:
This is not to be confused with the 45MPG requirement for HOV access.
Looks like the MPG ratings are the same as the 2006 models, 36/31 for 2WD and 33/29 for 4WD.

45 MPG requirement for HOV access? I guess maybe that's a state-levied requirement, as we have plenty of Escapes with the special plates and driving in the HOV lanes (until next July when we all get booted out, that is).
 

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jeff_h said:
wstander said:
This is not to be confused with the 45MPG requirement for HOV access.
Looks like the MPG ratings are the same as the 2006 models, 36/31 for 2WD and 33/29 for 4WD.

45 MPG requirement for HOV access? I guess maybe that's a state-levied requirement, as we have plenty of Escapes with the special plates and driving in the HOV lanes (until next July when we all get booted out, that is).
My error!


Yes, 45 is the California requirement for hybrid access. CNG has no MPG minimum here either.
 
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