What are the incentives for buying an electric car?
There are several incentives for buying an electric car, including federal tax credits, state rebates, and reduced registration fees.
How much is the federal tax credit?
The federal tax credit can be up to $7,500, depending on the battery capacity of the electric vehicle.
Are there any state-specific incentives I should know about?
Yes, many states offer additional incentives such as rebates, tax credits, and access to carpool lanes. It varies by state.
Do these incentives apply to used electric cars as well?
Some states do offer incentives for used electric cars, but the federal tax credit typically applies only to new vehicles.
How can I find out more about my state's incentives?
You can visit your state's Department of Energy or Environmental Protection website for detailed information on available incentives.
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