Electric Car Tax Credit 2018 Washington State

All electric and plug in hybrid cars purchased new in or after 2010 may be eligible for a federal income tax credit of up to 7 500.

Electric car tax credit 2018 washington state.

Charging customers who purchase qualified residential charging equipment between january 1 2018 and december 31 2020 may receive a tax credit of up to 1 000. All battery electric vehicles are eligible for the full 7 500 whereas some plug in hybrids with smaller batteries receive a reduced amount. With this tax credit you d be getting a rebate on the sales tax you pay up to 2 500 on new electric vehicles that cost less than. Federal tax credits for new all electric and plug in hybrid vehicles federal tax credit up to 7 500.

The federal government provides a substantial tax credit for new battery electric and plug in hybrid evs ranging from 2 500 7 500 depending on the capacity of the ev s battery. In washington new vehicles are subjected to a sales tax of 6 8. At least 50 of the qualified vehicle s miles must be driven in the state and the credit expires at the end of 2020. The exemption applies to dealer and private sales of new used and leased vehicles sold on or after august 1 2019.

Alternative fuel vehicles and plug in hybrids washington state tax exemptions. In washington new vehicles are subjected to a sales tax of 6 8. 1 2021 july 31 2023. Vehicles powered by a clean alternative fuel.

On august 1 2019 the sales and use tax exemption was reinstated for the sales of. Its stepped phase out to 50 started on april 1 2019 and continued until sept. Up to 25 000 of the sales or lease price. They can receive a rebate of up to 1 600 on the purchase.

The phase out of federal tax credits on the purchase of chevrolet plug in electric vehicles began when its gm parent hit its 200 000 unit cap at the end of 2018. Sales or use tax exemption available. 1 2019 july 31 2021. With this tax credit customers could be getting a rebate on the sales tax they pay up to 2 500 on new electric vehicles that cost less than 45 000.

Several states and local utilities offer additional electric vehicle and solar incentives for customers often taking the form of a rebate. Tax credits for heavy duty electric vehicles with 25 000 in credit available in 2017 20 000 in 2018 18 000 in 2019 and 15 000 in 2020.