|Policy Type:||Economic Instruments>Fiscal/financial incentives>Taxes|
|Policy Target:||Transport, Energy Sector|
|Agency:||Department of Treasury, Internal Revenue Service (IRS)|
|URL:||http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:h1enr.pdf (ARRA 2009)|
|Legal References:||American Recovery and Reinvestment Act of 2009, Sec. 1143|
The New Qualified Hybrid Motor Vehicle credit (also called the Light-Duty Hybrid Electric Vehicle (HEV) by the Department of Energy) is one the Internal Revenue Services Alternative Vehicle Tax Credits established in the Energy Policy Act 2005, Section 1341. This credit is available for qualified light-duty HEVs placed in service after 31 December 2005. The credit begins to phase out in the second quarter following the calendar quarter in which at least 60,000 of a manufacturers qualifying HEVs (and/or lean burn) passenger automobiles and light trucks have been sold.
|Related policies:||New Qualified Alternative Fuel Motor Vehicle Credit (QAFMV)|
Last modified: Mon, 19 May 2014 17:37:38 CEST