Plug In Electric Vehicle Tax Credit 2019

Internal revenue code section 30d provides a credit for qualified plug in electric drive motor vehicles including passenger vehicles and light trucks.

Plug in electric vehicle tax credit 2019. For vehicles acquired after december 31 2009 the credit is equal to 2 500 plus for a vehicle which draws propulsion energy from a battery with at least 5 kilowatt hours of capacity 417 plus an additional 417 for each kilowatt hour of. 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. The credit amount will vary based on the capacity of the battery used to power the vehicle. These vehicle tax credits are available for 2019 tax returns.

Plug in electric drive vehicle credit irc 30d. Massachusetts plug in electric vehicle pev rebates. Federal tax credits for new all electric and plug in hybrid vehicles federal tax credit up to 7 500. As of july 1 2017 allows purchasers of qualified vehicles to apply for a tax credit of up to 3 000 calculated as 100 per kwh of battery capacity.

Rebates of up to 2 500 to customers purchasing or leasing a plug in electric vehicle. The credit is 10 of the purchase price of the vehicle with a maximum credit of 2 500. The tax credit is also available on fuel cell electric vehicles and plug in hybrid electric vehicles but the amount can vary based on battery size. Does california have a tax credit for electric.

Simply answer a couple of. You must have purchased the vehicle in 2012 or 2013 and begun using it in the year in which you claim the credit.