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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]
Alternative Motor Vehicle Credit: Individuals who qualify for this tax credit must be the original buyers of eligible vehicles powered by alternative energy sources for business or investment use ...
The Energy Department has compiled a list of the cars generally eligible for the clean vehicle credit, noting that as “vehicle manufacturers continue to submit the applicable vehicle ...
In addition to tax breaks, hybrid vehicles and other alternative fuel vehicles benefit from a fuel consumption tax that pays bonuses to passenger cars with low carbon dioxide output. Alternative fuel vehicles, including hybrids, qualify for as much as €800 (around US$1,120) in annual bonuses. This bonus was valid from 1 July 2008 until 31 ...
The full list of approved vehicles can be found at FuelEconomy.gov. Vehicle cost : To qualify for the EV tax credit, your vehicle must be below a certain price. This maximum MSRP varies by vehicle.
An alternative fuel vehicle is a motor vehicle that runs on alternative fuel rather than traditional petroleum-based fossil fuels such as gasoline, petrodiesel or liquefied petroleum gas . The term typically refers to internal combustion engine vehicles or fuel cell vehicles that utilize synthetic renewable fuels such as biofuels ( ethanol fuel ...
Alternative-fuel and vehicle labeling requirements Reference 16 CFR 309: Alternative-fuel infrastructure tax credit 26 U.S. Code 30C: Fuel-cell motor vehicle tax credit Reference 26 U.S. Code 30B: Hydrogen fuel excise tax credit 26 U.S. Code 6426: Improved energy technology loans Reference 42 U.S. Code 16513
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