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Congressional zeal to conserve energy and save the planet is second only to its desire to serve special interests. That's why the hybrid vehicle credit starts to go away after a carmaker has sold 60,000 hybrid cars. After all, if you give people the credit for buying the cars they actually want, they might not buy any from the Big Three, with their unionized workforce, enormous unfunded benefits, and powerful friends in Congress.
Toyota hit the 60,000 car limit in the 2006, and its cars stopped qualifying for the credit October 1, 2007.
Now Honda has hit the 60,000 sales mark. Starting January 1 Honda vehicles will qualify for a reduced credit, and after 2008, for no credit at all.
Ford, GM, Nissan and Mazda vehicles continue to qualify for the full credit.

Link: Current list of qualifying vehicles.
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to