![]() If you purchased a plug-in hybrid motor vehicle in 2021, you may be able to claim credit on your 2021 Tax Return. We will keep this page updated as details become available. ![]() This would mean hybrids and electric vehicles by Tesla and General Motors may be eligible for the tax credit in future years. Important: The federal government may be reworking the credit, including an increased amount, income thresholds, and reverting the phaseout period. See more details on electric vehicles and tax credits. We will update this page once this measure has been made legal. Additionally, this would set an income limit for buyers to $100,000. As of August 2021, the US Senate, through a non-binding solution, has approved a $40,000 threshold on the price of electric cars that would be eligible for a $7,500 federal tax credit. Are there federal tax credits for new all-electric and plug-in hybrid vehicles? This link will provide you an update by car manufacturer.
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