LAS VEGAS, Nev. (FOX5) – The IRS has updated its rules for electric vehicle tax credits—again.
Following the update, fewer vehicles are now eligible for federal tax credits, and even fewer are eligible for the maximum $7,500 credit. But many electric and plug-in hybrid models are still able to receive at least a portion of the credit.
Consumers can also now get the tax credit applied to the purchase price of the vehicle when they buy it, rather than having to wait until filing taxes.
To see which vehicles are eligible for a tax credit, the IRS has a website where you can enter the make, model, and VIN of a car. You can access that site here.
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