Under this program the purchase of a new electric vehicle is eligibe for a tax credit worth 7500 as long as it meets the following criteria. 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 in or after 2010 may be eligible for a federal income tax credit of up to 7500. bmw electric car tax credit
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The qualified plug in electric drive motor vehicle tax credit is the main federal incentive program for electric cars available in the united states.
Bmw electric car tax credit.
Federal incentives for electric vehicles.
Federal tax credits for all electric and plug in hybrid vehicles federal tax credit up to 7500.
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