2010 Hybrid Purchase Tax Credit 
EV Adoption
FEBRUARY 23, 2021
For electric vehicle observers, the legislation contains two key provisions: The first would extend the tax credit to automakers who already reached the current phaseout level of 200,000 EVs sold with another 400,000 vehicles, but with a reduction to $7,000 from the current maximum $7,500 credit.
Green Car Congress
JANUARY 29, 2009
Buyers of a new 2010 Fusion Hybrid or Mercury Milan Hybrid this year will qualify for a $3,400 tax credit. The credit amount is based on a vehicle’s potential fuel efficiency. The Fusion Hybrid carries a 41 mpg rating in the city and 36 mpg on the highway. Ford Hybrid Tax Credit Amounts.
Green Car Congress
MAY 8, 2021
An additional $30 million is now available through New York State’s Drive Clean Rebate program to encourage more consumers to lease or purchase an all-electric car or plug-in hybrid electric vehicle. Eligible vehicles under the Drive Clean Rebate include all-electric cars, plug-in hybrid electric cars, and fuel-cell-electric cars.
Green Car Congress
MARCH 8, 2010
It also finds that, while relying on subsidies for electric or hybrid vehicles is politically attractive, it is an extremely expensive and ineffective way to significantly reduce greenhouse gas emissions in the near term. Purchase tax credits are an expensive way to reduce oil consumption and GHG emissions from transportation.
Green Car Congress
SEPTEMBER 21, 2012
Tax credits and gasoline prices necessary for various electric vehicles to be cost-competitive with conventional vehicles at 2011 vehicle prices. The electric vehicles that are the focus of this study fall into two broad classes: plug-in hybrid electric vehicles and battery-electric vehicles. Source: CBO. Click to enlarge.
Green Car Congress
SEPTEMBER 27, 2013
million to help California consumers purchase plug-in hybrid and zero-emission cars and light trucks. This can be combined with an up to $7,500 clean vehicle federal tax credit and various other regional incentives. The Clean Vehicle Rebate Project received an influx of $44.5
EV Life
AUGUST 4, 2023
General Motors was one of the original pioneers of electric cars, introducing the EV1 in 1996 and the game-changing Volt in 2010. We’ll also explore the best ways to save money on the purchase of a Bolt EUV by taking advantage of available EV incentives with an EV Climate Loan through EV Life. Colorado Electric Vehicle Tax Credit.
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