EVs and PHEVs Offer Tax Incentives

EV-Charge America promotes a cleaner, less-polluted environment by installing electric vehicle charging (EVC) stations for drivers of EVs (electric vehicles) and PHEVs (plug-in hybrid electric vehicles). EV-Charge America’s charging stations will make it possible for drivers to buy fuel-efficient, low-emission vehicles and take advantage of certain tax credits as well.

Federal tax credits are available for purchasers of electric vehicles or EVs. The amount of the credit, which can be as much as $7,500, is contingent on the purchased EV’s battery capacity. Some of the makes and models that can take advantage of the credit in 2014 include the 2012 MLE EV, the i3 BMW sedan, and the 2010 and 2012 sedans by CODA. The 2013 Fiat 500e, the 2012 to 2014 Ford Focus EV, and the 2014 Chevrolet Spark are also on the list of eligible EVs.

PHEVs or plug-in hybrid vehicles that are purchased from 2010 to 2014 may also take advantage of a tax credit. Again, as with EVs, the amount will be based on the PHEV’s battery capacity.

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