It’s green and mean, but the 2011 Porsche Cayenne S Hybrid can also help your Federal income tax bill if you buy one by the end of the year.
As a Qualified Hybrid Motor Vehicle, the Alternative Motor Vehicle Tax Credit of up to $1800 may be applied to the Cayenne S Hybrid customer’s 2010 Federal income tax return, which will help offset the total amount owed to Uncle Sam come tax time. As a credit, the $1800 won’t become an $1800 refund if your tax liability is at naught, though we’d expect the majority of Cayenne buyers to make more than enough cash to carry some form of tax liability. Only hybrid purchases in the 2010 calendar year will make the tax credit cut.
Depending on your state of residence, there may be some incentives still available as well.
The Porsche Cayenne S Hybrid starts from $68,675, including a $975 destination charge, and combines a supercharged 3.0-liter Audi V-6 with an electric drive motor for a combined output of 380 horsepower and 428 pound-feet of torque. With an eight-speed Tiptronic S transmission, the hybrid SUV is rated to hit 0-60 mph in 6.1 seconds while returning EPA ratings of 20 city/24 highway mpg.