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  2. EV Tax Credits: What’s New and Who Qualifies? - AOL

    www.aol.com/ev-tax-credits-qualifies-160845950.html

    The EV tax credit is a benefit offered by the government to encourage people to buy electric vehicles. You might think of it as a discount that you can get when you file your taxes.

  3. Act now for $7,500 EV tax credit: Experts say there's a risk ...

    www.aol.com/act-now-7-500-ev-154939883.html

    The Inflation Reduction Act offered federal EV tax breaks through 2032 for consumers who buy or lease new or used EVs, including all-electric and plug-in hybrid electric vehicles. The credit is ...

  4. Using tax credits and rebates to your advantage could save ...

    www.aol.com/news/using-tax-credits-rebates...

    Residents can get a tax credit of up to $5,000 for buying or leasing a light-duty EV or truck or a plug-in hybrid EV. Illinois: The state offers rebates of up to $4,000 for residents who buy or ...

  5. EV tax credits could soon vanish. Is now the time to buy? - AOL

    www.aol.com/ev-tax-credits-could-vanish...

    For those who might be more risk-averse, he suggests leasing an EV instead. The current federal tax credit also applies to leases, and some dealerships are exploiting a loophole that allows EV ...

  6. Guide to Plug-In-Hybrid Tax Credits - AOL

    www.aol.com/guide-plug-hybrid-tax-credits...

    To claim the tax credit, the buyer must file Form 8936 (Qualified Plug-in Electric Drive Motor Vehicle Credit Including Qualified Two-Wheeled Plug-in Electric Vehicles) with their tax return. Note ...

  7. Government incentives for fuel efficient vehicles in the ...

    en.wikipedia.org/wiki/Government_incentives_for...

    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]

  8. What New Tax Credit Rules Will Mean If You're Shopping for an EV

    www.aol.com/tax-credit-rules-mean-youre...

    From the November 2022 issue of Car and Driver.. On August 15, about 30 new EVs and 42 plug-in hybrids were eligible for federal income-tax credits. On August 16, those numbers fell to eight and 10.

  9. Government incentives for plug-in electric vehicles - Wikipedia

    en.wikipedia.org/wiki/Government_incentives_for...

    These granted tax credits on PEV vehicles will phase out once 200,000 plug-in vehicles are sold by each manufacturer in the U.S. [282] During this phase out period after 200,000 plug-in car sales, qualified producers will experience a drop in a tax credit of $7,500 to $3,750 for the next 6 months followed by a drop to $1,875 for another 6 ...

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