Tax Rebate On Hybrid Cars

Tax Rebate On Hybrid Cars. Department of Energy, you can receive a tax credit of. If you are a New York State resident looking for a new car, it's a great time to buy or lease a plug-in hybrid or battery-powered car that qualifies for the Drive Clean Rebate.

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How the EV Rebate Program works. Get an in-depth overview of how these cars work, the rebates and incentives available and what the typical costs are. Department of Energy, you can receive a tax credit of.

In general, fully electric vehicles can claim more of the credit than plug-in hybrid vehicles as their battery has more storage.

The amount is determined by the power storage of the battery.

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The credit amount will vary based on the capacity of the battery used to power the vehicle. Here is a list of eligible vehicles. Federal Tax Incentives for Buying a Fuel-Efficient Car.