If you're buying a $103,000 hybrid, you're probably not too worried about tax incentives, but hey, in this economy every little bit of savings helps, right?
And a little bit is exactly what you'll get--the IRS announced that the 455 hp 2011 BMW ActiveHybrid 7 qualifies for a $900 tax credit. Which is almost like getting a one percent discount on the car, except that a one percent would be an improvement--$900 is more like a 0.0087 percent discount on the super luxe car. But hey, at least it covers the the destination and handling fee ($875).
Currently the fastest hybrid on the market, the 2011 BMW ActiveHybrid 7 achieves 18 percent better fuel economy over its nonhybrid counterpart, the 750i, averaging 17 mpg city and 26 mpg highway. Shipment of this vehicle recently began, so it's too early to tell if this tax break will increase sales.