GM, Ford's Low Hybrid Sales Mean Tax Credits Continue

Robert Farago
by Robert Farago

OK, here's the rule for car buyers looking to claim a federal tax credit for their hybrid: "Original owners may claim the full amount of the allowable credit up to the end of the first calendar quarter after the quarter in which the manufacturer records its sale of the 60,000th vehicle. For the second and third calendar quarters after the quarter in which the 60,000th vehicle is sold, taxpayers may claim 50 percent of the credit. For the fourth and fifth calendar quarters, taxpayers may claim 25 percent of the credit. No credit is allowed after the fifth quarter." So the Internal Revenue Service (IRS) had a butcher's (look) at GM and Ford hybrid sales for the quarter ending Sept. 30 and decided neither automaker's sold enough gas – electric vehicles to start the winding down process. Ford's getting there; The Blue Oval Boyz sold 38,743 hybrids last quarter. GM's not even close, at 9,577 hybrids. For a full list of the qualifying vehicles and the tax credits for each, click HERE. Oh, and in case you're wondering, Toyota blew by the 60k hybrid tax barrier on June 30, 2006. In the second quarter of '07 alone, Toyota sold sold 79,723 hybrids (54,821 Prii).

Robert Farago
Robert Farago

More by Robert Farago

Join the conversation
4 of 6 comments
  • Frank Williams Frank Williams on Oct 26, 2007
    quasimondo Out of sheer curiousity, what were the sales numbers for hybrids sold by Honda and Nissan? In the quarter ending June 07, Honda sold 11,35 hybrids (10,621 Civics and 764 Accords). I couldn't find the sales breakout for the Altima Hybrid, but since it's only for sale in 8 states, it'll be a relatively low figure.
  • Redbarchetta Redbarchetta on Oct 26, 2007

    Why is the Altima only available in 8 states? Is this a limited launch whle they ramp up supply or some other reason? I would think they would make them available everywhere as soon as possible with the hybrid hype right now.

  • EJ_San_Fran EJ_San_Fran on Oct 26, 2007

    So now GM is outed: they've sold almost no hybrids yet! Apparently, the more models in your lineup the fewer total sales and the higher your losses. Smart, GM!

  • Rtz Rtz on Oct 26, 2007

    I wondered why I've never seen an Altima hybrid..