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Additionally states and some municipalities also may offer consumer sweeteners such as access to high occupancy vehicle lanes known as hov lanes or free parking.
Federal tax credit for hybrid electric cars. All electric and plug in hybrid cars purchased new in or after 2010 may be eligible for a federal income tax credit of up to 7 500. The credit amount will vary based on the capacity of the battery used to power the vehicle. But a key component of that cost is the u s. According to the u s.
A federal hybrid car tax credit is available to consumers who buy plug in electric vehicles evs in the united states. In my most fuel efficient cars post i highlighted the hyundai ioniq as one of the top empg vehicles in the u s. Qualified plug in electric drive motor vehicle tax credit. Department of energy you can receive a tax credit of.
Before you decide whether or not to buy an electric car or plug in hybrid. Market and it comes in well below 30k. Federal tax credit of 7 500 knocking the net price down from around a 30 000 msrp to the low 20k. Federal tax credits for new all electric and plug in hybrid vehicles federal tax credit up to 7 500.
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