Federal Tax Credits for New All-Electric and Plug-in Hybrid Vehicles

https://fueleconomy.gov/feg/taxevb.shtml

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. State and/or local incentives may also apply.

Beginning January 1st, 2023, the Inflation Reduction Act will continue to provide $7,500 for electric vehicles under 14,000 lbs., those over (such as qualifying commercial vehicles) can receive up to $40,000 in income tax credit.

For a vehicle list, visit https://fueleconomy.gov/feg/taxevb.shtml

For the Inflation Reduction Act's changes, see pages 147 & 148 of the bill https://www.congress.gov/117/bills/hr5376/BILLS-117hr5376enr.pdf