Ford’s Fusion Hybrid, which boasts a class leading fuel economy rating of 36/41 mpg (city/highway) will qualify for a $3,400 tax credit – the largest such tax credit the federal government has ever given out.The same tax credit will also apply to the Mercury Milan Hybrid.
Ford is excited about this incentive and hopes it is enough to win over buyers who might have considered the initial cost of Hybrid ownership to be too steep.
“Hybrids are an important part of our strategy to deliver the best or among the best fuel economy with all of our new products, and the Fusion and Milan Hybrids have set the pace for the company, as well as our competitors,” said Derrick Kuzak, group vice president of Global Product Development at Ford. “We’re glad to see our government help promote these advanced, clean fuel-efficient vehicles to the consumer.”
Ford has made huge strides with its Fusion Hybrid, posting significantly better fuel economy numbers than any of the competition. Much of that has to do with the new technology Ford has developed for its second generation hybrid system. The system includes: a smaller and lighter nickel-metal hydride battery that provides 28 percent more power than the outgoing battery; a regenerative braking system; a new hybrid system that can operate on pure electric energy up to 47 mph and throttle control that reduces airflow on shutdowns and thereby reducing fuel needed on restarts.
In total the new Fusion Hybrid boasts 119 patents and the result is a car that can drive 700 miles on a tank.
If you want the full tax credit be aware that it is only available to those who purchase a car before March 31, 2009. As of April 1st only half of that credit will be available. The amount will be further reduced in the fourth quarter of 2009.
As for Ford’s other models, the 2009 Escape and Mariner Hybrid FWD models qualify for a $3,000 tax credit, with 4WD models receiving a $1,950 credit. Owners of previous model-year Escape and Mariner hybrid models may also qualify for varying credit amounts from $1,950 to $3,000.
Official release after the jump:
2010 FORD FUSION HYBRID QUALIFIES BUYERS FOR HIGHEST AVAILABLE FEDERAL TAX CREDIT – $3,400 DEARBORN, MICH., Jan. 28, 2009 – Customers eager to purchase America’s most fuel-efficient mid-size sedans, the 2010 Ford Fusion Hybrid and Mercury Milan Hybrid, can take advantage of a $3,400 tax credit from the federal government. Buyers of a new 2010 Fusion Hybrid or Mercury Milan Hybrid this year will qualify for the $3,400 tax credit, the highest credit amount ever offered for hybrids purchased or placed in service after Dec. 31, 2005. The Ford Escape and Mercury Mariner Hybrid, the most fuel-efficient SUVs in America, continue to qualify for a $3,000 tax credit, the highest available tax credit of all hybrids on the road today. Fusion Hybrid’s class-leading 41 mpg rating in the city and 36 mpg on the highway, which tops the Toyota Camry Hybrid by 8 mpg in the city and 2 mpg on the highway, helped Fusion garner the significant credit amount, which is based on a vehicle’s potential fuel efficiency. Stacked together, Fusion’s fuel savings and tax incentive can help significantly offset the premium to the customer for hybrid-electric technology over a conventional gasoline-powered vehicle. “Hybrids are an important part of our strategy to deliver the best or among the best fuel economy with all of our new products, and the Fusion and Milan Hybrids have set the pace for the company, as well as our competitors,” said Derrick Kuzak, group vice president, Global Product Development. “We’re glad to see our government help promote these advanced, clean fuel-efficient vehicles to the consumer.” Technological innovation, like the development of Ford’s hybrid systems, is a core value as the company drives for leadership in quality, safety, fuel efficiency and in-car connectivity. A new study this week by The Patent Board – the world’s leading patent analyst – found that Ford outperformed all other automakers in the quality and significance of its technology patents. The 2010 Fusion, Milan and their respective hybrid models set new standards for technology innovation with 119 U.S. patents.
Hybrid Hot Sheet To deliver 700-plus miles on a single tank of gas, Fusion Hybrid travels up to 47 miles per hour in pure electric mode, faster than the Camry and all other hybrids currently on the road. In addition, the system’s Intake Variable Cam Timing (i-VCT) allows the hybrid to more seamlessly transition from gas to electric mode and vice-versa, delivering a near imperceptible hybrid driving experience to the customer. Other advanced hybrid systems that contribute to Fusion’s fuel-economy leadership include: • A smaller, lighter nickel-metal hydride battery, which produces 28 percent more cell power than Ford’s previous hybrid system. • An enhanced electronic throttle control, which reduces airflow on shutdowns, reducing fueling needs on restarts. • A regenerative brake system that recovers and stores nearly 94 percent of energy normally lost through friction in braking. The 2010 Fusion Hybrid also debuts Ford’s SmartGauge with EcoGuide, a unique instrument cluster that helps coach drivers on how to optimize the fuel efficiency of their vehicles.
The 2009 Escape and Mariner Hybrid FWD models qualify for a $3,000 tax credit; 4WD models $1,950. Owners of previous model-year Escape and Mariner hybrid models may also qualify for varying credit amounts from $1,950 to $3,000.
Tax Credit Update Customers who purchase a Ford or Mercury brand hybrid by March 31, 2009 will remain eligible for the full tax credit amounts. Beginning April 1, 2009 customers who purchase a hybrid will only be able to claim a partial tax credit. Since Ford Motor Company reached the 60,000 vehicle threshold in the 4th quarter of 2008, the tax credit amounts are reduced by 50 percent beginning in the second quarter of 2009 and by an additional 25 percent beginning in the fourth quarter of 2009. No tax credit amount is available for hybrids after March 31, 2010.