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Six PHEVs Currently Qualify for the Maximum $7,500 Federal EV …
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LINCOLN PLUG-IN HYBRID VEHICLES
WebMar 31, 2024 · The federal EV tax credit will be available to individuals reporting adjusted gross incomes of $150,000 or less, $225,000 for heads of households, or $300,000 for … WebDec 31, 2024 · The total tax credit available for a vehicle may not exceed $7,500. Once the Treasury Department issues the critical mineral and battery component guidance, vehicles that meet the critical mineral requirements are eligible for $3,750 tax credit, and vehicles that meet the battery component requirements are eligible for a $3,750 tax credit. WebAug 26, 2024 · Recent tax code changes due to the Inflation Reduction Act of 2024 have made more PHEVs eligible for tax credits of up to $7,500 as long as they have a battery capacity of at least 7 kWh.... bouchon gaine tpc