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New purchase: The full tax credit is only available for new electric car purchases, not used ones. However, some pre-owned vehicles purchased in 2023 or after are eligible for a tax credit of up ...
Starting in 2023, used EVs — pre-owned all-electric, PHEVs and fuel cell electric vehicles — that are at least two years old have a separate tax credit of up to $4,000 or 30% of the price of ...
If you're in the market for a new car this year and considering an electric vehicle, the government has just issued an updated list of the 22 options (including 2023 models) available for the ...
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]
As of the start of the year, the implementation of new rules by the Department of Energy (DOE) means only 13 vehicles qualify for federal tax credits for electric vehicles made in North America.
In July 2018, Tesla Inc. was the first plug-in manufacturer to pass 200,000 sales and the full tax credit was available until the end 2018, with the phase out beginning in January 2019. [284] General Motors combined sales of plug-in electric vehicles passed 200,000 units in November 2018. The full tax credit was available until the end of March ...
The U.S. Department of Energy has also noted which manufacturers have currently met the 200,000 vehicle credit cap, though this will not be relevant as of January 1, 2023 when that provision is no ...
Currently, the tax credit for purchasing a qualifying new battery-electric and plug-in hybrid vehicles is either $3750 or $7500. Used EVs and PHEVs sold for $25,000 or less are also eligible for a ...