2011 Porsche Cayenne Hybrid Qualifies for Tax Credit
The all-new 2011 Porsche Cayenne and its first-for-the-brand hybrid model are already on sale, but we learned this week that early adopters of the hybrid trim can get a tax credit this year.
According to Porsche, the 2011 Cayenne S Hybrid qualifies for a $1,800 tax credit for the 2010 tax year. The hybrid is rated at 20/25 mpg city/highway.
That’s more than the $900 credit given to the 2011 BMW ActiveHybrid 750i and X6, but less than the $2,200 credit for the 2011 Mercedes-Benz ML450 Hybrid.
That means a $67,700 Cayenne Hybrid could end up costing $65,900, excluding a $975 destination charge. It’s not exactly a deal, though at that price, it’s still cheaper than the Cadillac Escalade Hybrid, which costs $73,840 before a $2,200 tax credit. And it’s still about $5,000 more than the Cayenne S Hybrid's sister vehicle, the 2011 Volkswagen Touareg Hybrid, which hasn’t officially received a credit amount yet.
You must buy your Cayenne Hybrid before Dec. 31 to be eligible for the credit. Also, a tax credit works differently from a tax rebate or deduction; you may not qualify depending on your income and other deductions and credits for the tax year.
The base Cayenne starts at $46,700 before a $975 destination charge, the Cayenne S at $63,700, the Cayenne S Hybrid at $67,700 and the range-topping Cayenne Turbo at $104,800.
The Porsche Cayenne S Hybrid is already on sale at dealerships.