BMW 7-SERIES HYBRID QUALIFIES FOR $900 TAX CREDIT
The Internal Revenue Service has apparently confirmed that the BMW ActiveHybrid 7 qualifies for up to a $900 tax credit under the Alternative Motor Vehicle provision. The ActiveHybrid 7 combines an electric motor with a 4.4-liter twin-turbo V8 and new 8-speed automatic transmission to accelerate from 0-60 mph in just 4.7 seconds while delivering EPA fuel economy estimates of 17mpg city and 26mpg highway.
The ActiveHybrid 7 features Engine Start/Stop to avoid wasteful engine idling in stop-and-go driving and at traffic lights.
The powerful lithium-ion battery enables systems like the radio, Bluetooth phone connection and air-conditioning to continue running when the engine is off. Its compact size minimizes the impact on luggage capacity.
The standard and long-wheelbase versions of the ActiveHybrid 7 become the fourth and fifth BMW models to qualify for the Alternative Motor Vehicle Tax Credit, joining the ActiveHybrid X6 and BMW's Advanced Diesel 335d Sedan and X5 xDrive35d.