Auto Plug-In Electric Drive Motor Vehicle Credit
There are tax incentives associated with purchasing certain electric and hybrid vehicles. IRC 30D allows taxpayers who own qualifying vehicles acquired after December 31, 2009 to take a credit of $2,500 to $7,500. Qualifying vehicles include the Ford Fusion Energi, Ford Focus Electric and Mercedes B Class EV, amongst others. Check out the IRS website to see if your new four wheeled plug-in vehicle qualifies for the credit.