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Deductions & credits
The energy efficient vehicle credit is a declining credit based on manufacturer’s sales. As each new model reaches a specific sales target, the credit is then phased out. For example, the Chrysler Pacifica hybrid is still eligible for the full credit because Chrysler doesn’t sell very many of them. Because of the popularity of the Prius, the credit on a regular hybrid Prius was phased out long ago.
September 24, 2020
4:07 PM