May 25, 2022

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10 great electric cars still eligible for the federal tax credit


If you’re looking to buy an EV, then you should know that there are some financial perks to buying a brand new model. Ever since 2010, it’s been possible to reclaim some of the money you spent on an electric car thanks to an EV-centric federal tax credit.

That tax credit means you can reclaim some of the cost of buying the car — up to $7,500 in fact. This means the money you pay the dealership isn’t necessarily how much the car will cost you. But not every EV is eligible for the tax credit, and picking up a brand new Tesla won’t entitle you to a slightly lower tax bill. 



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