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Both the Nissan Leaf electric vehicle and the Chevrolet Volt plug-in hybrid, launched in December 2010, are eligible for the maximum $7,500 tax credit. The Toyota Prius Plug-in Hybrid, released in January 2012, is eligible for a $2,500 tax credit due to its smaller battery capacity of 5.2 kWh.
As a result of these models' smaller battery packs, the plug-in Prius of 2012–2015 qualified for a $2500 tax credit, while 2017 and newer Prius PHEVs nab a $4502 credit. The RAV4, meanwhile ...
Generally, you can either get a partial credit of $3,750 for a new electric vehicle purchase, the full $7,500 credit or $4,000 for a used EV tax credit. It’s a one-time credit, meaning you can ...
Both the Nissan Leaf electric vehicle and the Chevrolet Volt plug-in hybrid, launched in December 2010, are eligible for the maximum $7,500 tax credit. [277] The Toyota Prius Plug-in Hybrid, released in January 2012, was eligible for a $2,500 tax credit due to its smaller battery capacity of 5.2 kWh. [278]
Both the Nissan Leaf electric vehicle and the Chevrolet Volt plug-in hybrid, launched in December 2010, are eligible for the maximum $7,500 tax credit. [39] The Toyota Prius Plug-in Hybrid, released in January 2012, is eligible for a US$2,500 tax credit due to its smaller battery capacity of 5.2 kWh. [40]
That means buyers can combine existing tax credits with the deep discounts on offer over the next three months. Drury estimated at least 4 out of 5 EVs on dealers’ lots right now are 2024 models.
Besides a US$2,500 federal tax credit, the Toyota Prius Plug-in Hybrid is eligible for an additional US$1,500 rebate in California. Eligible vehicles include only new California Air Resources Board-certified or approved zero-emission or plug-in hybrid electric vehicles.
Under the current law, consumers can receive a tax credit of up to $7,500 for a new electric, plug-in hybrid or fuel cell vehicles and up to $4,000 for a used one.
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