Maybe - It depends on the car. UPDATED FOR TAX YEAR 2019 .
A federal hybrid car tax credit is available to consumers who buy plug-in electric vehicles (EVs) in the United States. The credit can only be claimed for cars purchased before 2017. A tax credit reduces the total amount of income tax an individual owes the federal government. Federal Tax Credits for All-Electric and Plug-in Hybrid Vehicles: Federal Tax Credit Up To $7,500: All-electric and plug-in hybrid cars purchased in or after 2010 may be eligible for a federal income tax credit of up to $7,500. From 2016 to 2018, they sold an e-tron … Though Audi has a very long way to go before they have to worry about the tax credit cap on plug-in electric cars, they have a number of vehicles coming with sufficient battery capacity to qualify. No, it does not qualify for the federal tax credit.See below for the Toyota car's that do qualify. The credit amount will vary based on the capacity of the battery used to power the vehicle. For example, if you owe $8,000 in federal income tax, a $5,000 alternative energy vehicle tax credit would reduce the amount you owe to $3,000. GM makes the all-electric Chevrolet Bolt EV and Volt plug-in hybrid. Federal Tax Credits for New All-Electric and Plug-in Hybrid Vehicles Federal Tax Credit Up To $7,500!
You can go to this website for vehicles eligible for the Qualified Plug-in Electric Drive Motor Vehicle Credit in 2019: Federal Tax Credits for All-Electric and Plug-in Hybrid Vehicles [Edited | 3/19/2020 | 12:11 pm PDT] Audi Tax Credit. 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. The Alternative Motor Vehicle Tax Credit is for placing a qualified fuel cell vehicle in service and may only be claimed by the original purchaser of the vehicle.
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