good explanation here
https://www.nerdwallet.com/article/taxes/ev-tax-credit-electric-vehicle-tax-credit
also a tax credit for a used EV
decent explanation here
https://www.irs.gov/credits-deductions/used-clean-vehicle-credit
modified adjusted gross income is taken into account for qualifying for a tax credit
New EVs
Single and married filing separately: $150,000.
Head of household: $225,000.
Married filing jointly: $300,000.
Used EVs
Single and married filing separately: $75,000.
Head of household: $112,500.
Married filing jointly: $150,000.
I always wondered by chevy adiosed the volt so early. It was pretty much a plug in hybrid.
I have a 2017 Hyundai Ioniq Hybrid I bought new Jan 2018.
I only have 40k miles on it and it came with an unlimited warranty on the hybrid battery.
It will to be pried from my cold, dead hands.
Happy hunting.
“unlimited warranty on the hybrid battery”
That’s great! We had to replace the battery in our Prius and it was about $3,000. We figure they last about 14 years, we had very low miles on it.
Thanks for the info, there was a lot of things I didn’t realize. Like the used ones needed to be under 2 years old and all assembled in the US. I’m sure any car salesman would be happy to tell us we get the credit and then we’ll find out when it’s too late.