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EV hybrid vehicles

Hi I recently purchased a EV hybrid car is there any tax credit for a non plug in EV hybrid vehicle 

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JanetB21
Employee Tax Expert

EV hybrid vehicles

@charming2424

 

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!

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5 Replies
lramkumar
Employee Tax Expert

EV hybrid vehicles

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.

lramkumar
Employee Tax Expert

EV hybrid vehicles

JanetB21
Employee Tax Expert

EV hybrid vehicles

@charming2424

 

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!

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

EV hybrid vehicles

I live in the state of Hawaii

JanetB21
Employee Tax Expert

EV hybrid vehicles

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/

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