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Federal tax credit for electric cars expiration. Federal tax credits for new all electric and plug in hybrid vehicles federal tax credit up to 7 500. The exceptions are tesla and general motors whose tax credits have been phased out. Those who bought before were able to get a federal tax credit of 4 000 in addition to credits ranging from 1 000 to 4 000. Tesla sent out a warning email this week that the federal tax credit for buying an electric vehicle will expire for good for tesla evs in less than five weeks.
In less than three months personal income tax returns or 2017 will be due for most u s. Some of those taxpayers will have bought a plug in electric car last year knowing that the federal. The credit amount will vary based on the capacity of the battery used to power the vehicle.
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