Electric Cars – Nissan Leaf Electric Car, Tesla Model S – $7500 Federal Tax Credit Savings
Posted by Norman F, January 1st, 2020
Electric Car Federal Tax Rebate
- “All electric and plug-in hybrid vehicles that were purchased new in or after 2010 may be eligible for a federal income tax credit of up to $7,500,” according to the US Department of Energy.
- Your tax bill needs to exceed $7500
- Phased out by cars a company sold. 200,000 cap
- Includes plugin hybrids (Lower $)
- No more rebate: GM, Tesla, Toyota (Soon)
Cars with rebate as of April 2022
Filed under: Car, Conservation, Eco Friendly, Effort, Energy, Hard, Money, Pollution, Reduce, Shopping, Solar, Transportation | Tags: BMW i3, Electric Car, Federal Tax Credit, hybrid car, Nissan Leaf, Tesla Model s |