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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.
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.
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 ...
The Car Allowance Rebate System (CARS) was a $3,000,000,000 US federal program that helps US citizens to purchase a new, more fuel efficient vehicle when trading in an older, more polluting vehicle. The program officially started on 1 July 2009 and claims began to be processed until 24 July, [39] and ended on 24 August 2009; as the appropriated ...
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.
If you're in the market for a new car this year and considering an electric vehicle, ... 800-290-4726 more ways to reach us. Mail.
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).