Buyers of a new 2010 Fusion Hybrid or Mercury Milan Hybrid this year will qualify for the $3,400 tax credit, the highest credit amount ever offered for hybrids purchased or placed in service after Dec. 31, 2005. The Ford Escape and Mercury Mariner Hybrid continue to qualify for a $3,000 tax credit, the highest available tax credit of all hybrids on the road today.
Fusion Hybrid's class-leading 41 mpg rating in the city and 36 mpg on the highway helped Fusion garner the significant credit amount, which is based on a vehicle's potential fuel efficiency. Stacked together, Fusion's fuel savings and tax incentive can help significantly offset the premium to the customer for hybrid-electric technology over a conventional gasoline-powered vehicle.
Customers who purchase a Ford or Mercury brand hybrid by March 31, 2009 will remain eligible for the full tax credit amounts. Beginning April 1, 2009 customers who purchase a hybrid will only be able to claim a partial tax credit as described in the table above.
Since Ford Motor Company reached the 60,000 vehicle threshold in the 4th quarter of 2008, the tax credit amounts are reduced by 50 percent beginning in the second quarter of 2009 and by an additional 25 percent beginning in the fourth quarter of 2009. No tax credit amount is available for hybrids after March 31, 2010.