WOODCLIFF LAKE, NJ - The Internal Revenue Service (IRS) certified that the BMW ActiveHybrid 7 qualifies for up to a $900 tax credit under the Alternative Motor Vehicle provision. This serves as yet another endorsement for the BMW EfficientDynamics strategy.
The ActiveHybrid 7 combines an electric motor with BMW's much-praised 4.4-liter twin-turbo V8 and new 8-speed automatic transmission to accelerate from 0 - 60 mph in just 4.7 seconds, while delivering impressive EPA fuel economy estimates of 17 mpg city and 26 mpg highway, a near 18-percent improvement over the non-hybrid 750i/Li. The ActiveHybrid 7 features Engine Start/Stop to avoid wasteful engine idling in stop-and-go driving and at traffic lights. The powerful lithium-ion battery enables systems like the radio, Bluetooth phone connection, and air-conditioning to continue running when the engine is off. Its compact size minimizes the impact on luggage capacity.
The standard and long-wheelbase versions of the ActiveHybrid 7 become the fourth and fifth BMW models to qualify for the Alternative Motor Vehicle Tax Credit, joining the ActiveHybrid X6 and BMW's Advanced Diesel 335d Sedan and X5 xDrive35d.
Six new members, including telematics provider Spireon, have joined Automotive Grade Linux, a collaborative effort to develop an open platform for the connected car. With the addition of these companies and organizations, the project is now 130 members strong.