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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. [1] [2] Vehicles purchased after December 31, 2010 are not eligible for this credit.
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.
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. [277] 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 ]
Although the $7,500 tax credit for Ford’s F-150 Lightning will remain, along with the $3,750 incentive for the plug-in hybrid Ford Escape and Lincoln Corsair Grand Touring, the incentive will no ...
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 ...
GM plans to launch predominately fuel-efficient cars and crossovers over the next four years, investing $2.9 billion in fuel-efficient technologies and alternative fuels during that time period. By 2012, GM will offer 15 hybrid models, and more than half of its fleet will be flex-fuel vehicles, able to run on either gasoline or ethanol-rich E85 ...
As part of GM's vehicle electrification strategy, [138] and following the introduction of the Chevrolet Volt plug-in hybrid vehicle to the American market in late 2010, the Chevrolet Spark EV was launched in June 2013. It marked GM's first all-electric passenger car release in the United States since the discontinuation of the EV1 in 1999. [139]
Time is running out for qualified home buyers to take advantage of the 2010 home buyer's credit. First-time and existing home buyers have until this Thursday, September 30, 2010, to close on their ...