Since 2010, the federal government has incentivized the purchase of new electric vehicles with tax credits. To date, many EV and plug-in hybrid (PHEV) buyers have benefited from this program. But how exactly does the tax credit work, and which cars are e
Federal Tax Credits For Plug-In Hybrids, Electric Cars: What You Need To KnowIf you want to get a special incentive for driving a hybrid, you're a few years too late; but a tax credit applies to nearly every electric car and plug-in hybrid on the market and it can, in some cases...
We've gathered every new EV that's currently eligible to earn either the partial $3750 or the full $7500 federal tax credit.
The tax credit would be available only to couples with incomes of $300,000 or less or single people with income of $150,000 or less. And any trucks or SUVs with sticker prices above $80,000 or cars above $55,000 wouldn’t be eligible. There’s also a new $4,000 credit for buye...
The tax credit would be available only to couples with incomes of $300,000 or less or single people with income of $150,000 or less. And any trucks or SUVs with sticker prices above $80,000 or cars above $55,000 wouldn't be eligible. ...
The End of Terrestrial Radio? Electric Cars and AM Radio Electric Vehicles that Qualify for the Federal Tax Credit 2023 Tesla Model Y $7,500 2022-2023Chrysler Pacifica Hybrid* 2022-2023Ford F-150 Lightning 2022-2023Lincoln Aviator Grand Touring* ...
Retailing at $37,495 from the get-go, the Bolt with the halved federal tax credit starts at $33,745. It’s obvious that General Motors has lost its edge in this segment, more so if you consider that even Hyundai has a better proposition in the guise of the Kona Electr...
Smart fortwo electric driveat $17,500 after federal tax credit expands the market for all-electric cars. The smart fortwo electric drive is a fun driving car for households with 2 cars, city and university dwellers, and car sharing programs....
and that’s for a virtually “loaded” car with power everything and a navigation system. Subtracting the $7,500 federal tax credit on electric vehicles brings you to a very strategically arrived $19,995, making the Spark EV one of the few electric cars with a net price under $20,000....
Qualified buyers no longer need to wait until filing their taxes to apply the credit to the purchase price of their new or used EV.