7/23/2023 0 Comments 2018 chevy volt lease dealsOnce that number is achieved, the credits start to phase out, over a one-year period, in the second quarter. Whereas a previous credit for purchase of a hybrid was capped at 60,000 vehicles per carmaker, plug-in vehicles have a higher cap: 200,000 cars. Like the prior program of income-tax credits for purchase of a hybrid-electric car, which ended several years ago, there's a cap on how many cars from each maker qualify for the credits. 2011-2018 Chevrolet Volt, Nissan Leaf, Tesla Model 3, others: $7,500.The minimum pack size is 4 kilowatt-hours, and the scale runs from 4 kWh to 16 kWh (or more). income tax return for the year in which the electric car was purchased.Ĭredits range from $2,500 to $7,500 for battery-electric and plug-in hybrid passenger cars, based on the size of the battery pack. Unlike a purchase rebate, which is basically a check in the mail, an income-tax credit is taken when the buyer files his or her U.S. It now reflects aggregate plug-in electric car sales data through December 2017 for the highest-volume carmakers. After five years of electric-car sales, we updated it first in early 2016, and again in February 2018. UPDATE: We first published this article in July 2013. The short answer is not within the next few months-but they should pay much closer attention to the numbers than they had to in previous years. But as more and more electric cars hit the roads, will electric-car shoppers during 2018 run the risk of losing out on these credits if they wait too long?ĬHECK OUT: 2018 Nissan Leaf vs Chevrolet Bolt EV: new electric cars compared
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