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Plug-in car sales in California also declined, fully electric cars fell 4.8%, and plug-in hybrids had a steeper declined of 40.5%, resulting in a combined decline of 16.5% for the plug-in segment. However, the market share increased to 8.1%, still ahead of conventional hybrids (6.9%).
In 2010, the IRS phased out tax credits worth up to $3400 for hybrids, diesels, and natural gas vehicles and established an EV tax credit worth up to $7500 for the handful of plug-in hybrids and ...
To EV or not EV? The new tax credits could make it easier for you to afford to say goodbye to gas forever.
Government incentives for plug-in electric vehicles have been established around the world to support policy-driven adoption of plug-in electric vehicles. These incentives mainly take the form of purchase rebates, tax exemptions and tax credits, and additional perks that range from access to bus lanes to waivers on fees (charging, parking, tolls, etc.). [1] The amount of the financial ...
People shopping for electric vehicles starting next year will be able to get a $7,500 federal tax credit off the sticker price while at the dealership, rather than having to wait months to receive ...
The main federal incentive for consumers to purchase fuel efficient vehicles is to give tax credits. States also have their own incentive programs to further incentivize fuel efficient vehicles in their own states. These incentives range from more tax credits, to discounts on insurance, to price reductions on car registration fee's.
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