Credit for Qualified Electric Vehicles

Credit for Qualified Electric Vehicles

Credit for Qualified Electric Vehicles means:
a nonrefundable credit of 10% of the cost of a qualified electric vehicle placed in service after June 30, 1993, and before January 1, 2005. The maximum credit is $4,000 per vehicle. A qualified electric vehicle is a motor vehicle powered by rechargeable batteries, fuel cells, or other source of electric current.


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