Federal Tax Credit For Hybrid Electric Cars

Federal tax credit of 7 500 knocking the net price down from around a 30 000 msrp to the low 20k.

Federal tax credit for hybrid electric cars.

Department of energy you can receive a tax credit of. Qualified plug in electric drive motor vehicle tax credit. 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. But a key component of that cost is the u s.

The credit amount will vary based on the capacity of the battery used to power the vehicle. Market and it comes in well below 30k. According to the u s. Electric vehicles evs and plug in electric vehicles phevs are eligible for federal tax credits up to a maximum of 7 500 on many models.

The federal tesla tax credit has run its course and the federal ev tax credit on general motors vehicles will end soon. Federal tax credits for new all electric and plug in hybrid vehicles federal tax credit up to 7 500. In my most fuel efficient cars post i highlighted the hyundai ioniq as one of the top empg vehicles in the u s. A federal hybrid car tax credit is available to consumers who buy plug in electric vehicles evs in the united states.