U.S. Federal Tax Credit for Electric Vehicles (2009)

Last updated 2012.06.16

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One jurisdiction that has definitely gotten with the program is the U.S. federal government.

If you buy a 4-wheeler NEV in the U.S. before December 31, 2009 that has the IRS stamp of approval, you qualify for a significant chunk of change in the form of a tax credit. (There is a lesser credit for 2 and 3-wheeler low-speed electric vehicles intended for on-road use.)

The Internal Revenue Service Press Release dated April 24, 2009.

Too good to be true, right? Seems that way, and yet, read IRS Bulletin 2009-26 for yourself. Make sure that you qualify (U.S. resident, plan to use the NEV predominantly in the U.S., prepared to take delivery by December 31, 2009, etc.). ALso, make sure they are legal in your state. (Our unofficial but reasonably up-to-date list of jurisdictions where NEVs are legal. But do verify with local officials before making your purchase decision.) If so, then all you need to do is pick the model of NEV you want, and arrange payment and financing. So, is anybody actually making any of these vehicles you can buy and claim the tax credit?

Well, as of now, 14 manufacturers have vehicles that qualify for credits under the IRS credits for electric vehicles. How can you find out who they are? By clicking on this link for the list of IRS-qualified vehicles by manufacturer.

Now, aren't you glad you stumbled across this page? Econogics, we love EVs, and we're here to help.

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