June 21, 2010
5 BMW Models Now Quality for IRS Alternative Motor Vehicle Credit
WOODCLIFF LAKE, NJ - The Internal Revenue Service (IRS) certified that the BMW ActiveHybrid 7 qualifies for up to a $900 tax credit under the Alternative Motor Vehicle provision. This serves as yet another endorsement for the BMW EfficientDynamics strategy.
The ActiveHybrid 7 combines an electric motor with BMW's much-praised 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 impressive EPA fuel economy estimates of 17 mpg city and 26 mpg highway, a near 18-percent improvement over the non-hybrid 750i/Li. 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.