Honda FCX to get a $12,000 tax credit

Posted by Wolfgang Gruener

Edmunds.com is reporting that the Honda FCX' zero-emission rating is earning (potential future) buyers a whopping tax credit. The hydrogen fuel cell car is the first vehicle first to meet government requirements outline din the Energy Policy Act of 2005 to qualify for a $12,000 tax incentive.

The Honda FCX appeared as a 2003 model in 2002 but has not been sold by Honda. The company has put 15 vehicles on the street and leases the cars mainly to the state and city governments, including the City of Los Angeles, the City of San Francisco, the City of Las Vegas, New York City, the City of Chula Vista and the South Coast Air Quality Management District. Honda said that it also has given one car to a California family who uses the vehicle as a daily driver and has made five FCX cars part of its internal fleet.

The four-seat compact car emits only vapor and is rated at a gasoline equivalent energy efficiency of 57 miles per gallon on an engine that is rated at 107 hp.

Honda earlier this year said that it expects to put a commercial hydrogen vehicle onto U.S. streets by the end of 2008 or early in 2009.

In unrelated news, BMW today announced that its Hydrogen 7 vehicles, a 7-series based sedan with a hydrogen-powered 260 hp engine, has just completed an 8-week test as fleet vehicles within NASA.