That is a good question. The IRS guidance specifies a plug-in hybrid only for the federal tax credit. This a good reference with information on the credit and vehicles that qualify: https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after
State credits may vary- so you could check that possibility. What state are you located in? I hope this information helps!
Hi @charming2424 ,
Excellent question. Since traditional hybrid vehicles rely primarily on combustion and do not use a plug to charge, they do not qualify for tax credits at the federal level. Credits apply to plug-in electric vehicles which includes plug-in hybrid EVs and battery electric.
Hope that answers your question.
Here is a link to the IRS EV vehicle FAQ:
https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after
That is a good question. The IRS guidance specifies a plug-in hybrid only for the federal tax credit. This a good reference with information on the credit and vehicles that qualify: https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after
State credits may vary- so you could check that possibility. What state are you located in? I hope this information helps!
Hello again, @charming2424
Currently Hawaii is not offering EV incentives for new car purchases whether plug-in or not. I hope you are enjoying your vehicle and savings on gasoline though!!
https://energy.hawaii.gov/ev-laws-incentives/