04
Sep
There are federal incentives available for purchasing an electric vehicle (EV) in the United States. The primary federal incentive is the federal tax credit for electric vehicles, which is administered by the Internal Revenue Service (IRS). Here are the key details: Federal Tax Credit for Electric Vehicles: Amount: The federal tax credit can provide a credit of up to a certain amount for the purchase of a qualified electric vehicle. Phasedown: The credit amount varies based on the vehicle's battery capacity and begins to phase out once a manufacturer reaches a certain number of EV sales. Eligibility: To qualify for…