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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 ...
New requirements for a $7,500 federal tax credit on electric vehicles kicked in on January 1, and the list of eligible vehicles just got a lot shorter. Under the new rules, ...
We've gathered every new EV that's currently eligible to earn either the partial $3750 or the full $7500 federal tax credit. ... on new electric vehicles, ... $7500 after the available federal ...
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.
The full tax credit was available until the end of March 2019 and thereafter reduced gradually until complete phase out beginning on April 1, 2020. [285] [286] [287] As of January 2021, 21 vehicles have access to full tax credit, depending on taxpayer's conditions. Several plugin-vehicles are also approved for significant credits.