Federal Tax Credits for Honda Hybrids
The federal tax credits are as follows:
|Model||Federal Tax Credit|
|2006 Civic Hybrid||$2,100|
|2006 Accord Hybrid||$1,300|
|2006 Insight — automatic transmission||$1,450|
Various limitations to the credit may apply, depending on the specific circumstances of the customer, and Honda is encouraging customers to contact the IRS or a tax advisor to determine if and how the tax credit will apply to their vehicle acquisition.
"These federal tax incentives reward consumers who make environmentally responsible purchasing decisions," said John Mendel, senior vice president of American Honda. "Honda continues to be a leader in producing vehicles that set the standard for fuel economy and low emissions."
Honda first introduced U.S. consumers to hybrid technology with the Insight in December 1999. It launched its second hybrid vehicle, the Civic Hybrid, in March 2002, followed by the first-ever V6-powered hybrid, the Accord Hybrid, in December 2004.