Friday, August 03, 2007

New Hydrogen Powered Honda Qualifies For Credit

The IRS announced recently that the new Honda FCX meets the requirements of the Alternative Motor Vehicle Credit as a qualified fuel cell vehicle. The Honda FCX operates entirely on hydrogen fuel, and is one of the first of its kind. Purchasers of Honda FCX may rely on their certification concerning the vehicle’s qualification for the Qualified Fuel Cell Motor Vehicle Credit. The credit amount for the 2005 and 2006 Honda FCX is $12,000.

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