Federal Tax Credit For Electric Cars Expiration

Federal tax credits for new all electric and plug in hybrid vehicles federal tax credit up to 7 500.

Federal tax credit for electric cars expiration.

If you purchased a fuel cell car after january 1 st 2017 you re no longer able to claim federal tax credits on these cars. Those who bought before were able to get a federal tax credit of 4 000 in addition to credits ranging from 1 000 to 4 000. Tesla sent out a warning email this week that the federal tax credit for buying an electric vehicle will expire for good for tesla evs in less than five weeks. Some of those taxpayers will have bought a plug in electric car last year knowing that the federal.

There is a federal tax credit available for most electric cars in 2020 for up to 7 500. In less than three months personal income tax returns or 2017 will be due for most u s. All electric and plug in hybrid cars purchased new in or after 2010 may be eligible for a federal income tax credit of up to 7 500.