Remove Colorado Remove Connecticut Remove PHEV Remove Tax Credit
article thumbnail

EV Tax Credit: The Guide Your Car Dealer Doesn’t Want You To Read

EV Life

You should consult your own tax, legal and accounting advisors before engaging in any transaction. 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.

article thumbnail

Gas War: U.S. House Suggests Ending California Emissions Authority, White House Says Nope

The Truth About Cars

The rules mandate that 35 percent of the new cars sold be plug-in hybrid electric (PHEV), EVs or hydrogen fuel cell by 2026. CARB's regulation would allow automakers to sell up to 20 percent PHEVs by 2035 with a minimum 50-mile all-electric range. That proportion will rise to 68 percent by 2030 and 100 [percent] by 2035.