electric vehicle

Interested in an EV? How to qualify for a powerful tax credit

Sales and registrations of electric vehicles (EVs) have increased dramatically in the U.S. in 2022, according to several sources. However, while they’re still a small percentage of the cars on the road today, they’re increasing in popularity all the time. If you buy one, you may be eligible for a federal tax break. The tax…

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electric vehicle tax credit

The Power of the Tax Credit for Buying an Electric Vehicle

Although electric vehicles (or EVs) are a small percentage of the cars on the road today, they’re increasing in popularity all the time. And if you buy one, you may be eligible for a federal tax credit. The tax code provides a tax credit to purchasers of qualifying plug-in electric drive motor vehicles including passenger…

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tax breaks for electric vehicles

Plug In Tax Savings for Electric Vehicles

While the number of plug-in electric vehicles is still small compared with other cars on the road, it’s growing — especially in certain parts of the country. If you’re interested in purchasing an hybrid or electric vehicle, you may be eligible for a federal income tax credit of up to $7,500. (Depending on where you…

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