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In Mexico, there are several existing incentives regarding Plug-in Hybrid Electric Vehicles (PHEV) at a federal level. Fiscal incentives for end-consumers include higher daily lease tax deductions per car ($285 versus $200 MXN), higher tax deduction caps per car ($250,000 versus $175,000 MXN), and fiscal credits for up to 30% of investments for ...
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 Energy Independence and Security Act of 2007 expanded these incentives to include emerging electric vehicle, and plug in hybrid, technology. [4] The Energy Improvement and Extension Act of 2008 only acted to push back tax credit-claiming deadlines and include more electric vehicles in existing incentive programs. [ 4 ]
The American Recovery and Reinvestment Act of 2009 (ARRA) also authorized federal tax credits for converted plug-ins, though the credit is lower than for new plug-in electric vehicle (PEV). [ 38 ] As defined by the 2009 ACES Act, a PEV is a vehicle which draws propulsion energy from a traction battery with at least 5 kwh of capacity and uses an ...
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.
“Beyond the $7,500 in possible federal rebates, some states add their own benefits,” notes Sarrel. “In New Jersey for instance, residents get a sales tax exemption of 6.625% when buying a ...
Residents in Ontario [1] (until July 1, 2010 when the HST takes effect, ending the previous PST rebate) and Quebec, [2] Canada can claim a rebate on the Provincial Retail Sales Tax of up to CA$2,000 on the purchase or lease of a hybrid vehicle, and Federal Transport Canada can claim a rebate of CA$1,500.
According to these figures plug-in hybrid electric vehicles were outselling pure electric vehicles in California by early 2013. [53] [54] In addition to a US$7,500 federal tax credit, the 2012 and later model year Chevrolet Volts qualified in California for the US$1,500 CVRP rebate and had free access to high-occupancy vehicle lanes.
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