Plug-In Electric Vehicle Tax Credit
My husband and I spent a year debating if we should purchase a Nissan Leaf, which is one of the new plug-in electric cars being released. We decided there were many pros and cons to purchasing a Leaf. And after many hours of debating we decided we should do the most prudent thing ~ we went to the IRS website to check out what kind of tax credits we could receive.
There is indeed a Plug-In Electric Vehicle Credit (IRC 30 and IRC 30D). The credit basically states that the vehicle needs to be purchased after December 31, 2009, it only qualifies for the first 200,000 qualifying vehicles sold for use in the United States.
The credit begins at $2,500 with a maximum credit of $7,500 depending on the capacity of the battery.
The Leaf just happens to qualify for the maximum credit!
Now if we could only agree on a color.
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