Electric Car Tax Credits Nebraska
How Do Electric Car Tax Credits Work in Nebraska?
If you purchased an electric vehicle in the last year, don’t forget to take advantage of the electric vehicle tax incentives available to you this tax season. As an EV owner, chances are you’re already familiar with the many environmental benefits that come with going green. However, the teams at our Nebraska car dealerships want to ensure you’re aware of the financial benefits that are available to you, too. While many drivers consider the promise of a future tax incentive into the purchase price of their electric vehicle, we wanted to help you find out what you need to know about electric vehicle tax credits more easily.
All-electric and plug-in hybrid cars purchased new in or after 2010 may be eligible for a federal tax credit of up to $7,500. That means if you purchased a new electric vehicle from one of the Baxter Auto dealerships this year, it may be eligible for a federal tax incentives! Check the list below to see more specifically which electric vehicles qualify for federal tax credits. Don’t hesitate to reach out to any of the Baxter Auto dealers with any other questions you may have.
How Do I Get My Electric Vehicle Tax Credit?
When you file your taxes, you’ll be able to claim up to $7,500 in credit against the federal income taxes you owe. You can only claim the electric tax credit during the year in which you purchased your vehicle. If you’re eligible for a tax refund this year, you’ll receive your tax credit alongside the refund.
Am I Eligible for an Electric Car State Tax Incentive in Nebraska?
While some states do offer additional tax incentives for those who purchase an electric vehicle, Nebraska is not one of them. However, Nebraska does offer other incentives to those who choose to purchase electric vehicles. For example, the Nebraska Public Power District offers residential customers a rebate of $4,500 for purchasing a new EV and the installation of an eligible Level 2 EVSE, or a $500 rebate for installing eligible Level 2 EVSE.
Can I Get an Electric Car Tax Credit on a Used Car?
No. The federal tax credit is only applicable to new car purchases made during the year in which you’re filing.
Can I Get a Tax Credit If I Lease an Electric Vehicle?
You’re only eligible for a tax credit if you buy your electric vehicle.
Which Electric Vehicles Are Eligible for Tax Credits?
Not all electric vehicles sold at Baxter Auto Group will be eligible for a tax credit. Only the first 200,000 electric vehicles each manufacturer makes are eligible. After the first 200,000 vehicles are purchased, the available credit will reduce gradually before eventually expiring. See our chart below to find out what the tax credit is for your 2021 or 2022 electric vehicle.
2021 Electric Vehicles & Tax Credits
| Vehicle | Vehicle Type | Full Credit |
|---|---|---|
| Audi e-tron® SUV | EV | $7,500 |
| Audi A7 55 TFSI® e Quattro | PHEV | $6,712 |
| Audi A8 L 60 TFSI® e Quattro | PHEV | $6,712 |
| Audi Q5 55 TFSI® e Quattro | PHEV | $6,712 |
| Chrysler Pacifica Plug-In Hybrid | PHEV | $7,500 |
| Ford Mustang Mach-E (First Edition Premium, California Route 1, Premium, Select, and GT) | EV | $7,500 |
| Subaru Crosstrek HybridPHEV | PHEV | $4,502 |
| Toyota Prius Prime Plug-in Hybrid | PHEV | $4,502 |
| Toyota RAV4 Prime Plug-In Hybrid | PHEV | $7,500 |
| VW ID.4 (First Edition, Pro, Pro S, and AWD Pro S) | EV | $7,500 |
2022 Electric Vehicles & Tax Credits
| Vehicle | Vehicle Type | Full Credit |
|---|---|---|
| Audi e-tron® GT (e-tron GT/RS e-tron GT models) | EV | $7,500 |
| Audi e-tron® Sportback | EV | $7,500 |
| Audi e-tron® SUV | EV | $7,500 |
| Audi A7 TFSI® e Quattro | PHEV | $7,500 |
| Audi Q5 TFSI® e Quattro | PHEV | $7,500 |
| Chrysler Pacifica Plug-In Hybrid | PHEV | $7,500 |
| Ford Escape Plug-In Hybrid | PHEV | $6,843 |
| Ford Mustang Mach-E (Premium, Select, and GT) | EV | $7,500 |
| Ford E-Transit | EV | $7,500 |
| Jeep Wrangler 4xe | PHEV | $7,500 |
| Lexus NX Plug-In Hybrid | PHEV | $7,500 |
| Mercedes-Benz EQS 450+ | EV | $7,500 |
| Mercedes-Benz EQS 580 4MATIC® | EV | $7,500 |
| Toyota Prius Prime | PHEV | $4,502 |
| Toyota RAV4 Prime | PHEV | $7,500 |
