BMW ActiveHybrid 7 Qualifies For $900 US Federal Tax Credit
04 June 2010
The US Internal Revenue Service certified that the BMW ActiveHybrid 7 (earlier post) qualifies for up to a $900 tax credit under the Alternative Motor Vehicle provision. The base MSRP of the ActiveHybrid 7 is $103,125 including destination and handling; the MSRP for the long wheelbase ActiveHybrid 7L is $107,025. (Earlier post.)
The ActiveHybrid 7 combines an electric motor with BMW’s 4.4-liter twin-turbo V8 and new 8-speed automatic transmission to accelerate from 0 – 60 mph in just 4.7 seconds while delivering impressive EPA fuel economy estimates of 17 mpg city and 26 mpg highway—a near 18% improvement over the non-hybrid 750i/Li.
The standard and long-wheelbase versions of the ActiveHybrid 7 become the fourth and fifth BMW models to qualify for the Alternative Motor Vehicle Tax Credit, joining the ActiveHybrid X6 and BMW’s Advanced Diesel 335d Sedan and X5 xDrive35d. The first 2011 BMW ActiveHybrid 7s have begun arriving at US BMW centers.
Shouldn't somebody apply a total value ceiling of ($50K +/- ?) on vehicles to qualify for green credits? Vehicles above $100K+ are luxury items that should not qualify. Should tax $$ be used to subsidies rich people and oil-coal producers?
Posted by: HarveyD | 04 June 2010 at 07:55 AM
There should at least be a minimum mpg requirement. "17 mpg city and 26 mpg highway" All cars I have owned for 40 years have done better than that.
Posted by: JMartin | 04 June 2010 at 08:16 AM
An 18% improvement is worth more, in a gas hog.
Why should luxury items not qualify?
Posted by: ToppaTom | 04 June 2010 at 10:13 AM
Its an interesting excercise but not exactly a mainstream vehicle.
I think they should work on fitting the drivetrain from the ED concept (with a petrol engine) into a 3/5/7 series
Posted by: 3PeaceSweet | 04 June 2010 at 11:13 AM
Passenger vehicles in this price class should be required to be PHEVs. $100K should be in the 60-mile AER category. Let the rich buy down the cost of the hardware and battery plants for everyone else; if they don't care about the cost of fuel, they're just the people for the job.
Posted by: Engineer-Poet | 04 June 2010 at 09:40 PM