Ineligible vehicles under the Charge Up New Jersey program include: Aftermarket plug-in hybrid electric vehicles. Electric vehicle conversions. Electric scooters. Electric all-terrain vehicles. Neighborhood, or low speed, electric vehicles. Electric motorcycles. Pre-owned plug-in electric vehicles. Any PHEV purchased, ordered or leased on or
The U.S. Department of the Treasury proposed a rule on Friday that would make it easier for consumers to get a $7,500 tax credit for new electric vehicles and a $4,000 credit for used EVs. The

Under the new guidance, hybrid vehicles without a plug are not eligible for the federal tax credit, making the RAV4 Hybrid ineligible. The new credits only apply to plug-in electric vehicles and plug-in hybrid vehicles. For an EV or plug-in hybrid to qualify, it must meet the following requirements: Purchased between January 2023 and December 2032.

A plug-in hybrid with the required battery capacity could qualify, but a standard hybrid would not. What is the income limit for EV tax credit 2023? The income limits for a new EV are based on adjusted gross income: $300,000 for married filing jointly; $225,000 for head of household; and $150,000 for all other filing statuses.
Two PHEVs qualify for the full credit and four more qualify for a $3,750 credit. Here are the PHEVs that can qualify for a $7,500 tax credit: Chrysler Pacifica PHEV, 2022-2023 (MSRP limit: $80,000) Lincoln Aviator Grand Touring, 2022-2023 (MSRP limit: $80,000) These PHEVs can qualify for a $3,750 tax credit: Ford Escape Plug-in Hybrid, 2022 Federal Tax Credits for Plug-in Electric and Fuel Cell Electric Vehicles Placed into Service on or after April 18, 2023. Vehicle Model Year Certifying Manufacturer Make Model Name (Description) Final Assembly in North America Applicable MSRP Limit Credit Amount. 2022 Stellantis (FCA US LLC) Chrysler Pacifica PHEV Yes $80,000 $7,500
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does plug in hybrid qualify for tax credit