What a great sales and marketing scheme to move more electric vehicles off your sales lot! Tell you customers they can get a tax credit for it, and wallah! People will buy an eco vehicle even if they’re not concerned about their carbon footprint. So sorry… The bubble-buster is here to set the record straight for the unsuspecting consumer. Yes, there are many electric vehicles that qualify for the credit; but not all. Here’s what you need to know about each make, model and year. Does your car qualify? If so, make sure you tell your tax preparer about it!
New Qualified Plug-in Electric Drive Motor Vehicles (per the IRS)
Model Year …… Vehicle Description ………………………….. Credit Amount
2014, 2015 ………… BMW i3 Sedan with Ranger Extender ………….. $7,500
2014, 2015 ………… BMW i3 Sedan ………………………………………….. $7,500
2014, 2015 ………… BMW i8 ……………………………………………………. $3,793
| Model Year | Vehicle Description | Credit Amount |
| 2014 | Accord Plug-In Hybrid | $3,626 |
| Model Year | Vehicle Description | Credit Amount |
|---|---|---|
| 2014 | VIA 2500 Extended Range Electric Passenger Van | $7,500 |
| 2014 | VIA 1500 Extended Range Electric Truck 4WD (All body styles) | $7,500 |
| 2014 | VIA 2500 Extended Range Electric Cargo Van | $7,500 |
| 2014 | VIA 1500 Extended Range Electric Truck 2WD (All body styles) | $7,500 |
Electric Vehicles International
| Model Year | Vehicle Description | Credit Amount |
|---|---|---|
| 2011/2012 | Electric Vehicles International (EVI) EVI-MD (Medium Duty) Electric truck | $7,500 |
| 2011/2012 | Electric Vehicles International (EVI) EVI-WI (Walk-In) Electric truck | $7,500 |
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