Tag Archives: The State of Electric Vehicle Adoption in the U.S.

Tax Credit For Electric Vehicle Owners - All States

Tax Credit For Electric Vehicle Owners – All States

Tax Credit For Electric Vehicle Owners – All States | Luxury Care, The federal government and a number of states offer financial incentives, including tax credits, for lowering the up-front costs of plug-in electric vehicles (also known as electric cars or EVs). 

The federal Internal Revenue Service (IRS) tax credit is for $2,500 to $7,500 per new EV purchased for use in the U.S. The size of the tax credit depends on the size of the vehicle and its battery capacity.  To find out specific tax credit amounts for individual vehicles, click here!.

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Electric Vehicle Sales in U.S. in 2018

Electric Vehicle Sales in U.S. in 2018

Electric Vehicle Sales in the U.S. in 2018 – Electric Cars Newsroom. GM hit 200K total electric vehicles sold in the United States by the end of 2018, reaching a threshold that triggers a phase-out of a $7,500 federal tax credit over the next 15 months, a person briefed on the matter said Wednesday.

The largest U.S. automaker reached the figure in the fourth quarter of 2018, which means the credit will fall to $3,750 in April, and then drop to $1,875 in October for six months. The credit will completely disappear by April 2020. The 200,000 figure covers GM’s cumulative EV sales since 2010.

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