Tax Credits for Electric Cars

Electric vehicle tax credits can be highly valuable, but there are a lot of confusing rules regarding how they work. This guide is going to show you what you need to know about tax credits on plug-in electric vehicles. It will also answer some of the most common questions people have.

How Much are Electric Vehicle Tax Credits?

electric car and vehicle tax credit

The electric vehicle tax credit is worth up to $7,500. In other words, this only applies if your tax bill is worth $7,500 or more.… Read the rest