If you’ve been putting off buying a hybrid or diesel vehicle, don’t wait any longer. The tax credits are set to expire December 31 of this year.
“Hybrid, diesel and compressed natural gas (CNG) vehicles purchased after Dec. 31, 2010, will no longer be eligible,” said Carroll Lachni of Edmunds.com. “But the tax credits for plug-in hybrids like the Chevy Volt and electric vehicles like the Nissan Leaf are likely to remain in effect for several years.”
But tax credits are still available on other 2010 and 2011 hybrids:
• Nissan Altima Hybrid, $2,350
• BMW X5 and X6 Active Hybrids, $2,200
• Mercedes-Benz ML450 Hybrid, $2,200
General Motors full-sized SUV and pickup hybrids (such as the Tahoe and Silverado), $2,200
New Porsche Cayenne S Hybrid
There are some diesel vehicles that you can also get the credit for:
* Audi A3 TDI, $650?*
Audi Q7 TDI, $575?*
BMW 335d, $900?*
BMW X5 xDrive35d $1,800?*
Mercedes-Benz GL 350 BlueTec, $1,800?*
Mercedes-Benz ML 350 BlueTec, $900?*
Mercedes-Benz R350 BlueTec, $1,550?*
Mercedes-Benz E350 BlueTec $1,550?*
Volkswagen Golf TDI, $850 (automatic)/$650 (manual)?*
Volkswagen Jetta TDI, $650?*
Volkswagen Touareg TDI, $575
How to Qualify for the Alternative Motor Vehicle Tax Credit?
There are three criteria to qualify for the hybrid tax credit:
• Purchase a qualifying vehicle.
• Purchase the vehicle new, not used.