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other incentives available to people purchasing alternative fuel vehicles (AFVs). The incremental cost of purchasing AFVs can be greatly reduced or eliminated when these incentives are utilized.
Learn more about
Federal Incentives for alt fuel vehicles, or click through the map to view information on other state incentives.
Do conversions qualify for incentives?
The IRS guidance now extends the
tax credit to all conversions,
regardless of the original in
service date of the vehicle, by
defining the "original use" of the
vehicle as the first date the
vehicle is placed in service as an
alternative fuel vehicle. Thus, any
converted vehicle first placed in
service after January 1, 2006 and
for which the conversion system
manufacturer has received a
certificate of conformity from the
EPA or California Air Resources
Board is eligible for the credit.
IRS Issues Vehicle Tax Credit
Do hybrid vehicles qualify for incentives?
No, not in Utah, because hybrids still run on gasoline. However, hybrids can be more fuel efficient and, therefore, cleaner burning than conventional gasoline vehicles. Recently the IRS announced federal tax deduction for hybrids. Consumers are encouraged to consider buying hybrids. Consult this
IRS news release as well as the Revenue Procedure 2002-42 for more information.
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