Federal Tax Credit For Electric Cars Expiration

In less than three months personal income tax returns or 2017 will be due for most u s.

Federal tax credit for electric cars expiration.

There is a federal tax credit available for most electric cars in 2020 for up to 7 500. 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. 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.

Some of those taxpayers will have bought a plug in electric car last year knowing that the federal. When will the us 7 500 federal electric vehicle credit expire for xxx manufacturer see newest info april 2018 here top 6 automakers closest to 200 000 sales u s. 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.