For any manufacturer that has sold 60,000 or more hybrid vehicles since 2005, the IRS is phasing out the tax credit. In the US, Toyota and Lexus have already hit that mark, and Honda hit it this January.
So for those hoping to get a cheque in the mail for buying these vehicles, better hurry fast.
Hybrid credit gone for Toyota, fading fast for Honda (Page 1 of 3)
Hybrid Tax Credit - Phaseouts