How much is the VW Golf hybrid income tax tax credit?

Discussion in 'VW e-Golf, Golf hybrid, and Audi A3 e-tron forum' started by voltron, Apr 17, 2013.

  1. voltron

    voltron Administrator and Defender of the Universe Staff Member

    Some more early specs on the upcoming VW Golf hybrid have been released and I figured out how much the federal income tax credit will be. The base amount is $2500 plus a bonus $417 for each kwH over 5, with a maximum of $5000 bonus. The credit cannot be carried over and it's a credit, not a deduction. This means that the total tax due will be reduced, not the calculated income.

    The VW Golf hybrid's battery spec is 8.8 kwH so it's $2500 plus $1251 or $1668 depending on the final production model and whether they count partial kwH or not. The total income tax credit will therefore be about $3751 or $4168. For comparison, a Nissan Leaf has a 24 kwH battery and the Chevy Volt has 16.5 kwH. Both get the full $7500 income tax credit (I don't know how the Volt gets the full credit since the calculation results in the credit being a few dollars short).

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