Honda FCX hydrogen fuel cell vehicle eligible for $12,000 federal tax credit
The Internal Revenue Service (IRS) announced in July that the hydrogen-powered Honda FCX fuel cell vehicle became eligible for the Qualified Fuel Cell Motor Vehicle Credit program. The credit is part of the federal Energy Policy Act of 2005, which seeks to promote affordable, dependable and environmentally-sound production and distribution of energy for America’s future.
Propelled by electricity that is generated by a hydrogen fuel cell in conjunction with an advanced Honda-designed ultracapacitor, the FCX fuel cell vehicle’s only emission is water vapor.
“This tax credit helps offset the higher costs associated with the early development of advanced technology vehicles that reduce CO2 emissions and dependence on oil. It is a further validation that the FCX is a real vehicle and another step towards market viability” said Stephen Ellis, fuel cell vehicle marketing manager at American Honda Motor Co., Inc.
The FCX is the only fuel cell vehicle certified by the California Air Resources Board (CARB) and United States Environmental Protection Agency (EPA). The CARB and EPA have also certified the FCX as a Zero Emission Vehicle (ZEV) and the EPA has confirmed a range of 210 miles.