The Car and Truck Fleet and Leasing Management Magazine

IRS Lists Tax Breaks for 2007 Hybrid Purchases

February 25, 2008

WASHINGTON, D.C. --- Here are the tax credits issued for hybrids purchased in 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 Accord Hybrid AT -- $1,300

Honda Accord Hybrid Navi AT -- $1,300

Honda Civic Hybrid CVT -- $2,100

Lexus* GS450h -- If bought by March 31: $775; if bought April 1-Sept. 30: $387.50

Lexus* RX 400h 4WD -- If bought by March 31: $1,100; if bought April 1-Sept. 30: $550

Lexus* RX 400h 2WD -- If bought by March 31: $1,100; if bought April 1-Sept. 30: $550

Mercury Mariner Hybrid 4WD -- $1,950

Nissan Altima Hybrid -- $2,350

Saturn Aura -- $1,300

Saturn Vue Green Line -- $650

Toyota* Camry Hybrid -- If bought by March 31: $1,300; if bought April 1-Sept. 30: $650

Toyota* Prius -- If bought by March 31: $1,575; if bought April 1-Sept. 30: $787.50

Toyota* Highlander Hybrid 2WD -- If bought by March 31: $1,300; if bought April 1- Sept. 30: $650

Toyota* Highlander Hybrid 4WD -- If bought by March 31: $1,300; if bought April 1-Sept. 30: $650

 

* Credit for Toyota/Lexus vehicles is phased out after Sept. 30.

Source: Internal Revenue Service/Los Angeles Times

 

 

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