Electric vehicle tax credit: Here's what you need to know
Shopping for an electric car? New federal guidance spells out which vehicles are eligible for a hefty tax break.
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Shopping for an electric car? New federal guidance spells out which vehicles are eligible for a hefty tax break.
The Treasury Department has revealed which cars will be eligible for the new electric vehicle tax credits. Fewer models are eligible for the new subsidy than in previous years, but some of the most well-known EVs still qualify. Plus: a separate tax credit applies to used EVs,
Ahead of the new rules going into effect tomorrow, April 18, here’s the complete list of vehicles currently qualifying for the $7,500 tax credit amount on purchases.
The Treasury Department has revealed which cars will be eligible for the new electric vehicle tax credits. Fewer models are eligible for the new subsidy than in previous years, but some of the most well-known EVs still qualify, according to the Monday announcement.
The Nissan Leaf and Volvo S60 join a longer list of EVs that have been kicked off the U.S. Treasury Department's list.