View Here : Tax Credit For Hybrid Vehicles
Qualifying vehicles purchased on or after January 1, 2006, are eligible for a tax credit ranging from $400 to $4,000 based on fuel economy. The alternative motor vehicle tax credit is actually a combination of two separate tax credits.
Find out how you can save money through Federal tax incentives on your purchase of a new plug-in hybrid or electric vehicle!
Forty-five states and the District of Columbia provide an incentive for certain hybrid and/or electric vehicles, either through a specific utility operating in the state or through state legislation. The incentives range from tax credits or rebates to fleet acquisition goals, exemptions from emissions testing or utility time-of-use rate reductions.
Sticker prices for plug-in hybrid and battery-electric vehicles are, for the most part, significantly higher than those of similarly sized gasoline or traditional hybrid cars. Their purchase price becomes more competitive, though, when you factor in the federal electric car tax credit. Before you ...
Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D) Internal Revenue Code Section 30D provides a credit for Qualified Plug-in Electric Drive Motor Vehicles including passenger vehicles and light trucks.
The Energy Policy Act of 2005 replaced the clean-fuel burning deduction with a tax credit. A tax credit is subtracted directly from the total amount of federal tax owed, thus reducing or even eliminating the taxpayer’s tax obligation. The tax credit for hybrid vehicles applies to vehicles ...
Louisiana. Louisiana offers an income tax credit for 30% of the cost of converting or purchasing an alternative fuel vehicle or constructing an alternative fueling station. Alternatively, a tax credit of 10% of the cost of the motor vehicle, up to $2,500 (whichever is less) is available for alternative fuel vehicles registered in the state.
A plug-in hybrid electric vehicle (PHEV) is a hybrid electric vehicle whose battery can be recharged by plugging it into an external source of electric power, as well by its on-board engine and generator.Most PHEVs are passenger cars, but there are also PHEV versions of commercial vehicles and vans, utility trucks, buses, trains, motorcycles, scooters, and military vehicles.
The C-Max Energi is now appearing on the IRS web site. It qualifies for a tax credit of $4007. [The IRS has now stated that the tax credit is $4,007.. It was previously listed at $3751 and stated by Ford as $3750.]
FAQs about hybrids. How do I know if a hybrid makes sense for me? Even without gas at $4 a gallon, the economics of hybrids make a certain amount of sense, particularly if you find yourself driving a significant number of miles each year.