Federal Tax Credit for the Hyundai Sonata Hybrid

2011 Hyundai Sonata Hybrid

The 2011 Sonata Hybrid will come with a $1,300 tax credit (if you qualify). Unfortunately, if you're interested, you need to get it now. The tax credit expires at the end of the year. Which means you only have one month to buy the new hybrid which will be available in the beginning of December.

The Hyundai Hybrid received an EPA rating of 36/40 mpg city/highway. That put it below the Ford Fusion Hybrid, which got the full tax credit of $3,400. But then, Ford has already sold the 60,000 hybrid cars that put it over the limit, forcing the tax credits to phase out back in April. Toyota and Honda hybrids ran out of tax credits much sooner than that.

The price has not been released yet on the Sonata Hybrid.