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Old 08-01-2005, 08:35 AM
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Romir Romir is offline
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Real Name: Gregory
Location: VA
Hybrids: Honda Insight
Posts: 72
Default Re: New Energy Bill: Tax Credits for Hybrids

After much researching, I've found the vehicle intertia weight class of the current hybrids and what it means. Simply put, it's the curb weight plus 300 pounds.

With the interia weights and city mpg from the EPA Fuel Economy Trends 1975-2005 report, I've come up with the tax credit amounts for these vehicles:

EDIT: Check the next post for what are probably more accurate (and higher) tax credit numbers.

Hybrid Cars:
Accord - 3500 interia weight (AT) (29 city mpg) - $400 tax credit
Civic - 3000 (CVT) (47.8 mpg) - $1,200
Civic - 3000 (MT) (45.9 mpg) - $800 (needs 46.2 for 1,200 - 06 should meet that)
Insight - 2000 (MT) (60.9 mpg) - $800
Insight - 2250 (CVT) (56.5 mpg) - $800
Prius - 3000 (CVT) (59.9 mpg) - $2000

Hybrid Trucks:
Escape 2wd - 4000 interia weight (CVT) (35.6 city mpg) - $1,200 tax credit
Escape 4wd - 4000 (CVT) (32.9 mpg) - $800 (needs 33.95 for $1,200)
GM C15 Pickup 2wd - 5000 (AT) (17.8 mpg) - No rebate, needs 20.1 mpg
GM K15 Pickup 4wd - 5500 (AT) (17.0 mpg) - No rebate, needs 18.5 mpg

Other Hybrids not listed in EPA document:
Highlander 2wd - 4000 (CVT) (33 city mpg) - $800 tax credit
Highlander 4wd - 4500 (CVT) (31 mpg) - $1,200 (if it really is higher than 30.8 mpg)
RX 400h - 4500 (CVT) (31 mpg) - $1,200 (if it really is higher than 30.8 mpg)
Mariner - 4000 (CVT) (33 mpg) - $800 tax credit

The tax credit amounts do not include the 'conservation credits', since they seem to have been removed at the last minute. Here is (supposedly) the final version of the bill that passed in the House and was given to the Senate.

EDIT: I'm not so sure that is in the fact the final version. News articles seem to be reporting on versions with different page lengths. In any case, the amounts above are valid in either case. It's just a question if the extra tax credit from "conservation credits" went through.

The NYTimes (which is reporting based on the 1724 page Conference Report version) has a good article on the capping of the tax credits. Here is the important part:

Quote:
Once an auto company hits the 60,000 mark, it has the remainder of that fiscal quarter plus one additional quarter in which buyers of its vehicles can receive the full credit. The credit ranges from $250 to $3,400 depending on the fuel efficiency of the vehicle.

During the two quarters immediately after the cars and trucks of the automakers become ineligible for the full credit, buyers would receive 50 percent of the credit. The next two quarters after that, the credit is 25 percent. The credit is phased out entirely at the end of the fifth full quarter after the automaker sells 60,000 hybrids or advanced diesels.
I'll go ahead and calculate what the conservation credits would add.

.


Last edited by Romir : 08-01-2005 at 10:57 AM.
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