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Oct. 4—New Mexicans who have bought a clean car since May can now apply for state tax credits for the purchase. Residents who buy clean vehicles through 2029 can apply for the credits, too.
Taxpayers are eligible for a credit of 30% of the vehicle price, up to $4,000. The purchaser cannot be the same person who bought it new. There can only be one credit taken per vehicle.
Also, a $4,000 tax credit is available to buy used EVs. The sooner we transition the new vehicle market to electric vehicles, the sooner drivers who purchase used vehicles will also realize all ...
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 act extends $7,500 in tax credits to EV owners but puts a cap on claimant salaries. ... The Energy Department has compiled a list of the cars generally eligible for the clean vehicle 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 ...
One vehicular application for hydrogen fuel cells is ... Clean Fuel Vehicle Tax Credit, Code 19-1-402,49-7-605,59-10-1009 ... Eligible projects include on board ...
Learn about EV tax credits — who qualifies, income limits and how to claim up to $7,500 for electric vehicles. Find out if your EV purchase is eligible.