Buyers of six-figure Bentley plug-in hybrid set to collect $7,500 EV tax credits

Buyers of six-figure Bentley plug-in hybrid set to collect $7,500 EV tax credits

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The Facts Inside Our Reporter’s Notebook The current $7,500 federal electric vehicle tax credit applies to the purchase of some high-priced luxury vehicles, including the 2022 Bentley Bentayga plug-in hybrid, with a manufacturer's suggested retail price range of $193,400-$259,400, according to Edmunds.
The tax credit, formally called the "new qualified plug-In electric drive motor vehicle credit," applies to the purchase of select fully electric vehicles and plug-in hybrids. Other luxury vehicles that qualify for the full federal EV credit include the 2022 Porsche Panamera 4 PHEV, with an MSRP range of $105,000-$200,200, and the 2022 Audi e-tron GT, which starts...
Source: https://justthenews.com/government/federal-agencies/federal-ev-7500-tax-credit-applies-160k-bentley-plug-hybrid?utm_source=justthenews.com&utm_medium=feed&utm_campaign=external-news-aggregators