Electric Car Tax Credit 2018 Massachusetts

Apply for incentives of up to 2 500 for the purchase or lease of new electric vehicles including battery and fuel cell electric vehicles and up to 1 500 for plug in hybrid electric vehicles.

Electric car tax credit 2018 massachusetts.

At least 50 of the qualified vehicle s miles must be driven in the state and the credit expires at the end of 2020. Tax credits for heavy duty electric vehicles with 25 000 in credit available in 2017 20 000 in 2018 18 000 in 2019 and 15 000 in 2020. The credit amount will vary based on the capacity of the battery used to power the vehicle. All electric and plug in hybrid cars purchased new in or after 2010 may be eligible for a federal income tax credit of up to 7 500.

To qualify you must. Have your pev or ev registered in ma. If you purchase a plug in hybrid pev or electric vehicle ev you may be eligible for a rebate of up to 2 500 through the massachusetts offers rebates for electric vehicles morev program. State and or local incentives may also apply.

The amount of the credit. The federal electric vehicle tax credit program provides a tax credit as high as 7 500 depending on the vehicle you choose and your individual tax circumstances. Starting on january 1 2020 mor ev will be extended to support qualifying battery electric vehicles bevs and fuel cell electric vehicles fcevs up to a 50 000 final purchase.