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Both the Nissan Leaf electric vehicle and the Chevrolet Volt plug-in hybrid, launched in December 2010, are eligible for the maximum $7,500 tax credit. The Toyota Prius Plug-in Hybrid , released in January 2012, is eligible for a $2,500 tax credit due to its smaller battery capacity of 5.2 kWh. [183]
The U.S. Energy Policy Act of 2005 established a federal income tax credit of up to $3,400 for the purchase of new hybrid vehicles, purchased or placed into service after December 31, 2005. [ 4 ] [ 5 ] Vehicles purchased after December 31, 2010 are not eligible for this credit.
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 ...
As of late 2023, just seven plug-in hybrids are eligible for a federal tax credit—but there's a workaround.
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Buyers of Toyota and Lexus hybrids are eligible for up to a $7,500 federal tax credit, but that "discount" will start to go away this fall.
The Fusion Hybrid qualified for a maximum hybrid tax credit of US$3,400 if purchased by March 31, 2009. The credit dropped to US$1,700 if purchased by September 30, 2009, to US$850 if purchased from October 2009 and March 31, 2010, and phased out on April 1, 2010.
In April 2009 editors of Kelley Blue Book named the 2010 Ford Fusion Hybrid to its 2009 list of "Top 10 Green Cars". [42] The Fusion Hybrid qualified for a hybrid tax credit of US$3,400 (~$4,829 in 2023) prior to March 31, 2009. The credit dropped to US$1,700 if purchased by September 30, 2009, and to US$850 if purchased by March 31, 2010.