EV Life

MAY 5, 2023

This article is for informational purposes only, and is not intended to provide tax, legal or accounting advice. Federal EV Tax Credit To accelerate the adoption of electric vehicles (EVs) and plug-in hybrids (PHEVs), the US Government offers a federal EV tax credit of up to $7500 to anyone purchasing or leasing an electric car.

Tax Credit 52

Tax Credit Tax Dealers Personal 52

Green Car Congress

OCTOBER 20, 2014

LVMs also received extended service credit for allowing consumers to either extend a lease or exercise a purchase option at the end of a lease. Currently, nine states have done so: Connecticut, Maine, Maryland, Massachusetts, New Jersey, New York, Oregon, Rhode Island, and Vermont.

2018 257

2018 California 2012 Plug-in 257

EV Adoption

NOVEMBER 26, 2021

Passage by the Senate is far from a certainty and will require all 50 yes votes including from conservative-leaning Democrat Senator Joe Manchin of West Virginia to the Independent Senator Bernie Sanders of Vermont. Download PDF version. Summaries of the Major Proposed Changes. Effective Date: Jan 1, 2022.

Tax Credit 116

Tax Credit Tax F-150 PHEV 116