federal tax credit
The federal tax credit is a money‑saving offer from the government that cuts part of your taxes if you buy an electric car.
The federal tax credit is a government incentive that reduces the amount of income tax owed by buyers of qualifying electric vehicles, effectively lowering purchase cost.
Hear It Discussed
"WithoutthefederaltaxcreditthatexpiredSeptember30th,theEVmarketbetterreflectsorganicdemandnowfornewvehicleconsumersthatarekindofslowlywarminguptotheideaofanelectric."
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"...when you got into the paperwork to look at it, it had nothing to do with the federal tax credit. It had everything to do with the fact that you were doing a lease..."
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"post-federal tax credit hybrids doing very strong."
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