News and World Report and Credit Karma, the tax credit is available for both all-electric vehicles and for plug-in hybrid electric vehicles (PHEVs), which use both gasoline or diesel fuel and electric power.

Qualifying for the Tax CreditĪccording to U.S. This credit will last until each participating manufacturing sells 200,000 EVs in the U.S. The IRS will give a federal tax credit of $2,500 to $7,500 for the purchase of new electric vehicles on or after January 1, 2019. Department of Energy, you can receive a tax credit of up to $7,500 for each electric vehicle you purchase on or after January 1, 2010. A federal hybrid car tax credit is available to consumers who buy plug-in electric vehicles (EVs) in the United States.