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The tax credit will only be given to the original purchaser of the vehicle, and not to a secondhand owner. If the vehicle is being lease, the tax credit can be claimed by the leasing company alone. The vehicle must be used mostly in the United States. The vehicle must be placed in service by the taxpayer by 2010 or later.
California's Low-emission vehicle (LEV) program defines six automotive emission standards which are stricter than the United States' national Tier regulations. Each standard has several targets depending on vehicle weight and cargo capacity; the regulations cover vehicles with test weights up to 14,000 pounds (6,400 kg).
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 ...
Make and model: Only certain electric vehicles qualify for the tax credit. Not all electric cars are eligible. The full list of approved vehicles can be found at FuelEconomy.gov. Vehicle cost: To ...
The vehicle’s manufacturer suggested retail price (MSRP) can’t exceed $80,000 for vans, sport utility vehicles and pickup trucks and $55,000 for other vehicles.
Since the program started in January 2001, the DMV has issued more than 1 million decals to cars that meet the state's criteria, Ongtoaboc said. Only first-time owners of eligible vehicles qualify ...
Vehicle Theft Protection Program is an educational initiative in North America started by the National Insurance Crime Bureau (NICB) and LoJack Corporation designed to help owners of cars, motorcycles, construction equipment and commercial vehicles better understand how to protect their assets from theft.
New rules from the Treasury Department will make it harder for vehicles to qualify for the full federal electric vehicle tax credit of $7,500 if key components are sourced from China.