![]() The other five receive only a partial credit of $3750, either because their battery minerals come from countries not on the approved list (notably, China) or 50 percent of the value of their battery pack did not come from components manufactured or assembled in North America. Just two of the seven PHEVs qualify for the full $7500 incentive: the Chrysler Pacifica Hybrid minivan and the Lincoln Aviator Grand Touring version. To qualify for the federal incentives, vehicles purchased between April 18 and December 31, 2023, must have been assembled in North America, with specific constraints on the sources of their battery minerals and cell and pack assembly. Of the seven eligible PHEVs, six are SUVs or crossovers, and one is a minivan. It's complicated, but all you need to know is that leasing is the loophole. That's because the vehicle maker or lessor receives the full incentive as a commercial transaction, which differs from the retail sales to which the purchase incentives apply. There's a workaround: any PHEV qualifies if it's leased rather than bought outright. ![]() For plug-in hybrids specifically, the number of vehicles eligible for the purchase incentive is a mere seven (compared to 15 battery-electrics). There are a number of requirements involved, and a new change that'll take effect in 2024. Many have heard about government incentives when purchasing a vehicle that plugs in, and plug-in-hybrid (PHEV) as well as battery-electric vehicles can qualify for tax incentives. Car shoppers are increasingly aware of electric vehicles on the market.
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