Under that same program, buyers of FCEVs may be eligible for a $4,500 tax rebate. Aimed at incentivizing buyers in the low-to-moderate income range, California’s EV rebate program has a $60,000 price cap, meaning vehicles that cost more than this amount do not qualify for the rebate....
should be an instant rebate at the time of purchase, not a personal income tax credit applied at tax time the following april. as structured, the tax credit does not reduce the sticker price for consumers. they've still got to come up with the full amount in cash or financing to ...
WASHINGTON - The list of electric vehicles eligible for a $7,500 tax credit has gotten shorter, with U.S. automakers such as General Motors, Ford and Tesla better positioned to qualify than foreign competitors with supply chains overseas. Still, as of Wednesday, April 19, only 11 EV ...
They’re set to phase out during 2019 for Tesla, with General Motors on its heels. But there’s a chance Congress will extend the credits or perhaps even eliminate them. Federal tax credits of $7,500 were enacted in 2010 to help spur sales of electric vehicles, which was a priority for...
The plug-in electric tax credit permits a taxpayer to take a credit of up to $7,500 for each vehicle that can be recharged from the electricity grid; it phases out after a manufacturer has sold 200,000 eligible vehicles, a threshold that has been met by Tesla and General Motors. ...