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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.
Electric cars are expensive, but tax credits might be able to help. Federal tax incentives are crucial for EV buyers. State rebates help, too. This article is part of "Getting Ready for Electric ...
EV rebates: You might find rebates specifically available for electric vehicles. Edmunds has a whole page where you can search for EV rebates, tax credits and other incentives. You may even find ...
Different electric vehicles have different capabilities. To find the right one for you, consider your daily mileage and tax-credit options. Picking an EV can be overwhelming. 5 factors can inform ...
Vehicles must be purchased or leased on or after March 15, 2010. Rebates initially of up to US$5,000 per light-duty vehicle, and later lowered to up to US$2,500, are available for individuals and business owners who purchase or lease new eligible vehicles. Certain zero-emission commercial vehicles are also eligible for rebates up to US$20,000.
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 ...
Vehicles must be bought at licensed Rhode Island dealerships and registered in Rhode Island to get the rebate. Additionally, the program offers up to $1,000 for used battery- and fuel-cell ...
In November 2013, the provincial government announced its decision to earmark in 2014 an additional CA$65 million (~ US$45.5 million) to fund a three-year extension to the electric-vehicle rebate program. The maximum rebate was kept at CA$8,000, but a graded scale was introduced in order to spread the incentive over 10,000 or more vehicles. [236]
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