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Hybrid Vehicle Tax Credit

You may be eligible for a hybrid vehicle tax credit (energy efficient car tax credit) if you bought a hybrid vehicle this year. For the most fuel-efficient models, the credit can be worth up to $3,000. The exact amount of the credit is dependent upon the make and model of the vehicle.

The Alternative Motor Vehicle Credit (the name given to the tax credit for hybrid vehicles) is applicable to vehicles bought or put on the road after January 1, 2006.

To qualify as a hybrid vehicle, the vehicle must have drive trains powered by both an internal combustion engine and a rechargeable battery. Most hybrid makes and models (over 40 models overall) do qualify for this credit. To determine if your vehicle qualifies for the credit, and the amount of the credit, check the lists of vehicles on the IRS website:

  • 2010 Models
  • 2009 Models
  • 2008 Models
  • 2007 Models
  • 2006 Models
  • 2005 Models 

Taxpayers may claim the credit on their 2009 tax returns only if they drove a qualified hybrid vehicle on the road in 2009. The credit is only available to the original purchaser of the vehicle and cannot be claimed by an individual who leased or bought the car used during 2009. 

The credit has been phased out for some hybrid vehicle models but is available for new hybrid vehicles that went to market in 2009. After 60,000 hybrid vehicles are sold by a particular manufacturer, the tax credit is reduced and gradually eliminated. To claim the full credit, one must file by the end of the third month after the quarter in which the manufacturer sells its 60,000th hybrid vehicle.

Learn more about the hybrid car credit


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