The Obama Administration has plans of putting one million electric vehicles (EVs) on American roads by 2015. Auto manufacturers like Ford, GM, and Nissan are stepping up to the challenge and are making plans to increase production in electric vehicles to meet President Obama’s goal. Governments have been enticing car buyers to purchase electric vehicles by offering tax breaks and special privileges. States like California offer incentives for auto buyers to purchase electric cars by offering $5,000 rebates. Washington and New Jersey allow zero-emission cars to be free from sales tax. Some states even allow free meter parking and carpool perks for EVs. But are these special treatments and tax breaks just a tease?
Credit for Table: cars.com
Source: Forbes Magazine
FORM 8834 Qualified Plug-In Electric and Electric Vehicle Credit
FORM 8936 Qualified Plug-In Electric Drive Motor Vehicle Credit