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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 ...
Not all electric cars are eligible. The full list of approved vehicles can be found at FuelEconomy.gov. ... There’s a base $2,500 credit, plus $417 for cars with a 7 kilowatt capacity or higher ...
The list of EVs eligible for a $7,500 tax credit got a lot shorter on January 1. ... it's harder to get the full $7,500 credit if a car contains materials from China and other countries that the ...
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. All Tesla Motors cars are eligible for the 7,500 tax credit.
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
Electric car buyers get a €4000 (US$4,520) discount while buyers of plug-in hybrid vehicles get a discount of €3000 (US$3,390). Premium cars, such as the Tesla Model S and BMW i8, are not eligible to the incentive because there is a cap of €60,000 (US$67,800) for the purchase price.