The $7500 Electric Vehicle Tax Credit Is Available To You If You Follow These Steps

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Since its introduction in 2009, the $7500 electric vehicle tax credit has served

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as a financial incentive for consumers looking to buy electric cars.

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You must first buy or lease an electric vehicle that qualifies in order to take advantage of this tax credit.

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All-electric and plug-in hybrid vehicles that have been bought

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or leased brand-new in the US are currently eligible models.

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The next step is to complete IRS Form 8936, which must be submitted together with your taxes.

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Depending on the size of the automobile and the vehicle's battery capacity,

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you will, once granted, earn a federal income tax credit of up to $7500.

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