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Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
Currently the standard credit for a qualified alternative fuel vehicle is $4,000. Other than the Civic GX, a number of models produced after 2004 may qualify for tax credits. [13] Electric vehicles: Government tax credit programs are planned for electric and plug-in hybrid vehicles, but no specific models have yet been certified. [14]
The first-time homebuyer credit is a new tax credit included in the recently enacted Housing and Economic Recovery Act of 2008. For homes purchased in 2008, the credit operates like an interest ...
Ford, [2] GM, [3] and Chrysler [4] offer the following vehicles in the US that use E85 (different models are available outside the US, depending on the country). For 2018-2025, all Flex Fuel Vehicles available for sale are listed. E85 FlexFuel Chevrolet HHR LS 2009 (USA). E85 FlexFuel Chevrolet Impala LT 2009 (USA). U.S. E85 FlexFuel Chevrolet ...
New purchase: The full tax credit is only available for new electric car purchases, not used ones. However, some pre-owned vehicles purchased in 2023 or after are eligible for a tax credit of up ...
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If you and your car fall under the federal EV tax credit income and price limits, respectively, here are the 10 cars that will get you a full federal tax credit of $7,500 and their MSRPs ...
The Toyota Prius Plug-in Hybrid, released in January 2012, was eligible for a $2,500 tax credit due to its smaller battery capacity of 5.2 kWh. [278] All Tesla cars and Chevrolet Bolts were eligible for the $7,500 tax credit. As granted by the 2009 ARRA, electric vehicles produced after 2010 are eligible for an IRS tax credit from $2,500 to ...
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