![]() ![]() ![]() Which cars qualify for federal tax credits?.Thinking about buying an electric vehicle? Let’s take a look at what the federal electric vehicle tax credit (or EV tax credit) is, which cars qualify and additional incentives that may be available to you. And depending on where you live, you may qualify for additional state, city and utility-company incentives, like rebates and discounts. If you qualify, the federal Qualified Plug-In Electric Drive Motor Vehicle Credit could give you back up to $7,500 when you file your federal tax return. Although an electric vehicle can be an expensive investment, you may qualify for financial incentives that could help you get some cash back. Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can. That's why we provide features like your Approval Odds and savings estimates. But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials.Ĭompensation may factor into how and where products appear on our platform (and in what order). The offers for financial products you see on our platform come from companies who pay us. We think it's important for you to understand how we make money. ![]()
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