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Tax Credits On Ford Hybrids Phasing Out

Credit will be slowly rolled back through April 2010

By Mark Huffman
ConsumerAffairs.com

April 20, 2009

Taxpayers may claim the full amount of the credit only on purchases made before April 1, 2009, because the total number of vehicles sold reached the 60,000-vehicle threshold in the last quarter of 2008. The cumulative sales of qualified Ford hybrid vehicles sold from the period of Jan. 1, 2006, to Dec. 31, 2008 is 66,157.

For vehicles purchased for use or lease on or after April 1, 2009, and on or before Sept. 30, 2009, the credit is 50 percent of the full amount. For vehicles purchased for use or lease on or after Oct. 1, 2009, and on or before March 31, 2010, the credit is 25 percent of the full amount.

For vehicles purchased for use or lease on or after April 1, 2010, no credit is allowable.

The full credit amount for vehicle purchases made prior to April 1, 2009 is:

• 2005, 2006, 2007 Ford Escape 2WD, $2,600;

• 2008, 2009 Ford Escape 2WD, $3,000;

• 2005, 2006, 2007, 2009 Ford Escape 4WD, $1,950;

• 2008 Ford Escape 4WD, $2,200;

• 2010 Ford Fusion, $3,400;

• 2008, 2009 Mercury Mariner 2WD, $3,000;

• 2006, 2007, 2009 Mercury Mariner 4WD, $1,950;

• 2008 Mercury Mariner 4WD, $2,200;

• 2010 Mercury Milan, $3,400

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