Eligible buyers of electric vehicles or plug-in hybrid vehicles will now get U.S income tax credits for purchasing new or used electric vehicles and plug-in hybrid vehicles.
U.S. news report that buyers of eligible new vehicles can get up to $7500 near-instant credits and $4000 for used electric vehicles or hybrid plug-in vehicles.
The vehicles, however, must meet certain requirements and the buyers’ income shouldn’t exceed a certain amount. To qualify, the vehicle must be from a North American manufacturer and the used vehicles cannot have a sale price of more than $25,000.
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