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BIG CREDIT, LITTLE CAR
July 26, 2007
The IRS has announced (IR 2007-133) that a $12,000 alternative vehicle credit is available for the hydrogen-powered 2005 and 2006 Honda FCX:
There are only a few dozen of these critters in the wild, and only a few filling stations, so a $12,000 credit might be small consolation for a car that can't be used most places.
Now if hydrogen cars all look like the next version of this car, they might catch on:
Whether hydrogen cars have any real long term potential is another matter. And don't forget that the $12,000 tax credit does not apply for alternative minimum tax.
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