What is the Tax Credit for Electric Cars?

Electric cars are entitled to a tax credit if they qualify. The value of the IRS tax credit ranges from $2,500 to $7,500, depending on the electric vehicle in question. Size and battery capacity are the primary influencing factors.

Are Electric Car Tax Credits Available?

Are electric car tax credits available and how do they work?

Yes, most electric cars are still eligible for this tax credit. Currently, Congress has set the phase-out limit of electric cars sold at 200,000 units per manufacturer. After that the credit begins to phase out for that manufacturer.… Read the rest