Madness Without Method

When I saw this car, I asked myself, “Is the Lexus CT 200h eligible for a federal tax credit/rebate?” Unfortunately, the answer is no, it does not qualify for a credit. The up to $3,400 income tax credit on gas-electric hybrids expired on December 31, 2010. The tax credits now available focus on plug-in hybrids and pure electric vehicles. Up to $7,500 for the vehicle + $2,000 for charging equipment + any state assistance (CA offers $5,000).