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As of late 2023, just seven plug-in hybrids are eligible for a federal tax credit—but there's a workaround. ... Kia, and Toyota (such as the RAV4 Hybrid, pictured) and other models from BMW ...
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 ...
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.
Jeep Wrangler 4XE Rubicon Plug-in Hybrid off-road vehicle at Brussels Expo on January 13, 2023, in Brussels, Belgium. ... Ford lost its $3,500 tax credit for its Mustang Mach-E SUV and E-transit ...
A 2020 redesign (for the 2021 model year) saw the Sienna becoming a hybrid vehicle for its fourth generation. While previous generations of the Sienna were exported to select Asian and European markets, the fourth generation is the first to be produced outside of the United States as Chinese production commenced in July 2021 by two Toyota joint ...
The U.S. Energy Policy Act of 2005 established a federal income tax credit of up to $3,400 for the purchase of new hybrid vehicles, purchased or placed into service after December 31, 2005. [4] [5] Vehicles purchased after December 31, 2010 are not eligible for this credit.
Buyers of Toyota and Lexus hybrids are eligible for up to a $7,500 federal tax credit, but that "discount" will start to go away this fall.
Advantage: Toyota Sienna. Fuel economy and driving experience. Both of these contenders have exceptional fuel economy for a minivan. The Sienna returns 36 mpg combined versus the Carnival Hybrid’s 33 mpg combined. So advantage Toyota, but the EPA estimates that difference will only amount to about $150 per year.