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Electric car tax credit 2018 massachusetts. Federal tax credit up to 7 500. The credit amount will vary based on the capacity of the battery used to power the vehicle. Be a resident of the commonwealth. If you purchase a plug in hybrid pev or electric vehicle ev you may be eligible for a rebate of up to 2 500 through the massachusetts offers rebates for electric vehicles morev program.
State and or local incentives may also apply. Tax credits for heavy duty electric vehicles with 25 000 in credit available in 2017 20 000 in 2018 18 000 in 2019 and 15 000 in 2020. Starting on january 1 2020 mor ev will be extended to support qualifying battery electric vehicles bevs and fuel cell electric vehicles fcevs up to a 50 000 final purchase. The amount of the credit.
The federal electric vehicle tax credit program provides a tax credit as high as 7 500 depending on the vehicle you choose and your individual tax circumstances. At least 50 of the qualified vehicle s miles must be driven in the state and the credit expires at the end of 2020. The department of energy resources massachusetts offers rebates for electric vehicles mor ev program which had expired on september 30th 2019 has been re opened.
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