The highest available U.S. tax credit to date now belongs to Ford. Consumers who purchase a 2010 Ford Fusion Hybrid or 2010 Mercury Milan Hybrid will be eligible to receive a $3400 federal tax credit. Ford’s sedans get 41 mpg in the city and 36 mpg on the highway, which Ford claims is 8 mpg more than the Toyota Camry Hybrid.
In order to qualify for the full amount you must purchase a Fusion Hybrid before April 1, 2009. After that date customers who purchase a hybrid will only be able to claim a partial tax credit. This is because Ford reached a 60,000 vehicle threshold in the 4th quarter of 2008. Now 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.
Press release after the jump