Honda Compressed Natural Gas Vehicle Certified for Tax Credit
IR-2006-182, Nov. 22, 2006
WASHINGTON — The Internal Revenue Service has acknowledged the certification by American Honda Motor Company, Inc., that its Honda Civic GX Model Year 2007 vehicle meets the requirements of the Alternative Motor Vehicle Credit.
The qualified Alternative Fuel Motor Vehicle Credit was enacted by the Energy Policy Act of 2005. The new credit includes separate credits for four distinct categories: (1) fuel cell vehicles, (2) advanced lean burn technology vehicles, (3) hybrid vehicles and (4) alternative fuel vehicles.
The credit amount for the Honda Civic GX Model Year 2007, which operates solely on compressed natural gas, is $4,000. The credit is equal to a percentage of the incremental cost of the alternative fuel technology.