There is a federal tax credit available for most electric cars in 2020 for up to 7 500.
Federal tax credit for electric cars expiration.
In less than three months personal income tax returns or 2017 will be due for most u s.
The exceptions are tesla and general motors whose tax credits have been phased out.
Some of those taxpayers will have bought a plug in electric car last year knowing that the federal.
Those who bought before were able to get a federal tax credit of 4 000 in addition to credits ranging from 1 000 to 4 000.
All electric and plug in hybrid cars purchased new in or after 2010 may be eligible for a federal income tax credit of up to 7 500.
If you purchased a fuel cell car after january 1 st 2017 you re no longer able to claim federal tax credits on these cars.
The credit amount will vary based on the capacity of the battery used to power the vehicle.