For 2025, these autos have a Section 179 tax deduction limit of $12,200 in the first year they are used. In fact, if the ...

What is the EV tax credit? Learn who qualifies, income limits and how to claim up to $7,500 for electric vehicles. Find out ...

Federal EV tax credits in 2024 top out at $7,500 if you're buying a new car and $4,000 if you're buying a used car, while the bank or the automaker's finance company can take a $7,500 tax credit for ...

Dearly beloved, we are gathered here today to celebrate the life of the electric vehicle tax credit. Signed into law by former President Joe Biden in 2022 as part of the Inflation Reduction Act, for ...

Some dealers might not have reported EV sales correctly and now some buyers face tax headaches. Clean vehicle tax credit rules are complicated — and will not work for everyone. President Donald Trump ...

Most drivers of electric, fuel and hybrid cars are now likely to have to pay Vehicle Excise Duty (VED) since new rules were introduced in April 2025, while owners of more expensive vehicles face the ...

Editor's note: President Donald Trump signed the "One Big Beautiful Bill Act" (OBBBA) into law on July 4, 2025. A major component of the bill was the elimination of the federal electric vehicle tax ...