Federal Green Car Incentives

The Federal government has created a number of incentives for those who wish to purchase vehicles that use the new green technology, including alternative fuels, hybrid, electric, and so on.

While all of the detailed information about these credits can be found online, we're going to try to provide the highlights here.

Click on a Topic Below to Review Tax Incentives for:






Tax Incentives for Low-Speed Electric Vehicles

The Recovery Act law also creates a special tax credit for the low-speed Wheego Whip, which is 10% of the purchase price (up to a maximum credit of $2,500) for purchases made after Feb. 17, 2009, and before Jan. 1, 2012.

To qualify, a vehicle must be either a low speed vehicle propelled by an electric motor that draws electricity from a battery with a capacity of 4 kilowatt hours or more.

We are still waiting to hear if new updates will also provide tax credits for the installation of an in-home 220/240-volt circuit charging station.

Unfortunately, at this time the low-speed Wheego Whip does not qualify for the Georgia state tax incentive, or the alternative fuel license plate.

Tax Incentives for Clean Diesel

Diesel vehicles with advanced lean-burn technologies are eligible for tax credits, though most of these are only in effect until December 31, 2010. (For vehicles purchased for use or lease on or after January 1, 2011, no credit is allowable because the credits under section 30B(c) and section 30B(d) expire for vehicles purchased after that date.)

Jim Ellis brand vehicles purchased for use or lease on or before December 31, 2010 that qualify for this incentive are listed on the table below:

 Model Year
 Make Model Credit Amount
 2010 AudiA3 2.0L TDI automatic
 $650
 2010 AudiQ7 3.0L TDI
 $575
 2010 VolkswagenGolf 2.0L TDI
2 door and 4 door automatic
 $850
 2010 VolkswagenGolf 2.0L TDI
2 door and 4 door manual
 $650
 2010 VolkswagenJetta 2.0L TDI
(manual and automatic)
 $650
 2010 VolkswagenJetta 2.0L TDI SportWagen
(manual and automatic)
 $650
 2010 VolkswagenTouareg 3.0L TDI
 $575
 

Because these credits were created in 2005, we are nearing the end of their terms. So don't delay!



Tax Incentives for Hybrid Vehicles

Individuals and businesses who buy or lease a new hybrid gas-electric car or truck are eligible for an income tax credit for vehicles "placed in service" starting January 1, 2006, and purchased on or before December 31, 2010.

The amount of the credit depends on the fuel economy, the weight of the vehicle, and whether the tax credit has been or is being phased out (depending on the number of units each manufacturer has sold). Hybrid vehicles that use less gasoline than the average vehicle of similar weight and that meet an emissions standard qualify for the credit.

Jim Ellis brand vehicles that qualify for this incentive are listed on the tables below.

Qualifying 2010 Chevrolet models:

 Model Credit Amount
 Malibu Hybrid
 $1,550
 Silverado Hybrid C15 2WD
 $2,200
 Silverado Hybrid K15 4WD
 $2,200
 Tahoe Hybrid C1500 2WD
 $2,200
 Tahoe Hybrid K1500 4WD
 $2,200
 
Qualifying 2010 GMC models:

 Model Credit Amount
 Sierra Hybrid C15 2WD
 $2,200
 Sierra Hybrid K15 4WD
 $2,200
 Yukon Hybrid C1500 2WD
 $2,200
 Yukon Hybrid K1500 4WD
 $2,200
 Yukon Denali Hybrid C1500 2WD
 $2,200
 Yukon Denali Hybrid K1500 4WD
 $2,200
 
Because these credits were created in 2005, we are nearing the end of their scheduled terms, and the amount available will reduce next year.



Tax Incentives for Alternative Fuel Vehicles

The original 2005 alternative fuel tax credits have now been phased out entirely. It is unknown as to whether the Federal government will be instituting more of these in the near future, or not.

While there are no Federal programs or incentives for bio-fuel vehicles, the state of Georgia  has enacted incentives for this kind of vehicle. These include the alternative fuel license plate  and unrestricted use of Georgia's HOV lanes.