Plug-in Hybrid Electric Vehicle
U.S. Federal Tax Credits
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COMPARE: Total Cost Of Vehicle Ownership: Hybrid Vs. Electric Vs. Gas Vs. Diesel
SEE ALSO: Electric Vehicle Archive - Reviews, Specs, News, Technology, Costs
Federal Tax Credit Up To $7,500!
Plug-in hybrid-electric vehicles (PHEVs) purchased in or after 2010 may be eligible for a federal income tax credit of up to $7,500. The credit amount will vary based on the capacity of the battery used to fuel the vehicle.
Small neighborhood electric vehicles do not qualify for this credit, but they may qualify for another credit.
| Vehicle Make & Model | Full Credit | Phase Out | No Credit | |
|---|---|---|---|---|
| 50% | 25% | |||
| BMW | Jan. 1, 2010, to Present | TBD | TBD | TBD |
| 2014–15 i3 Sedan w/ Range Extender | ||||
 |
$7,500 | -- |
-- |
-- |
| 2014–15 i8 | ||||
 |
$3,793 | -- |
-- |
-- |
| Fisker | Jan. 1, 2010, to Present | TBD | TBD | TBD |
| 2012 Fisker Karma Sedan | ||||
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$7,500 | -- |
-- |
-- |
| Ford Motor Co. | Jan. 1, 2010, to Present | TBD | TBD | TBD |
| 2013–15 Ford C-Max Energi | ||||
 |
$4,007 | -- |
-- |
-- |
| 2013–15 Ford Fusion Energi | ||||
 2013–15 Ford Fusion Energi |
$4,007 | -- |
-- |
-- |
| General Motors | Jan. 1, 2010, to Present | TBD | TBD | TBD |
| 2014 Cadillac ELR | ||||
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$7,500 | -- |
-- |
-- |
| 2011–15 Chevrolet Volt | ||||
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$7,500 | -- |
-- |
-- |
| Honda | Jan. 1, 2010, to Present | TBD | TBD | TBD |
| 2014 Honda Accord Plug-in Hybrid | ||||
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$3,626 | -- |
-- |
-- |
| Porsche | Jan. 1, 2010, to Present | TBD | TBD | TBD |
| 2015 Porsche Cayenne S E-Hybrid | ||||
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$5,335.60 | -- |
-- |
-- |
| 2014–15 Porsche Panamera S E-Hybrid | ||||
 2014–15 Porsche Panamera S E-Hybrid |
$4,751.80 | -- |
-- |
-- |
| 2015 Porsche 918 Spyder | ||||
 |
$3,667 | -- |
-- |
-- |
| Toyota | Jan. 1, 2010, to Present | TBD | TBD | TBD |
| 2012–15 Toyota Prius Plug-in Hybrid | ||||
 2012–15 Toyota Prius Plug-in Hybrid |
$2,500 | -- |
-- |
-- |
| VIA Motors | Jan. 1, 2010, to Present | TBD | TBD | TBD |
| 2014 2500 Extended Range Electric Passenger Van | ||||
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$7,500 | -- |
-- |
-- |
| 2014 1500 Extended Range Electric Truck 4WD (All body styles) | ||||
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$7,500 | -- |
-- |
-- |
| 2014 2500 Extended Range Electric Cargo Van | ||||
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$7,500 | -- |
-- |
-- |
| 2014 1500 Extended Range Electric Truck 2WD (All body styles) | ||||
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$7,500 | -- |
-- |
-- |
Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D)