Kentucky Electric Vehicle Tax Credit
Federal Tax Credits
Claiming a tax credit for purchasing a new electric vehicle can be simple. After you buy your electric or hybrid car from Mike Castrucci Ford of Alexandria and register it, you may have a few questions regarding Electric Vehicle tax incentives. If you purchased a new electric vehicle after the date of August 16th, 2022, a tax credit might be available to you. If you happened to purchase your EV after 2009, there is an available federal tax credit equal to $2,500. Determine if your car qualifies for the credit by searching the VIN number on the National Highway Traffic Safety Administration website to see where your vehicle was manufactured. The Department of Energy has a list that is filled with 2022 electric vehicle models and early 2023 electric vehicle models that may meet the final assembly requirement for the Kentucky electric vehicle tax credit.
State EV Incentives
Are you wondering about the Kentucky EV tax incentives? Mike Castrucci Ford of Alexandria is here to help you navigate through the state's EV tax credits! When it comes to reenergizing your EV, there is a combined excise tax and surtax fee for every $0.03 per kilowatt hour of electricity used to charge your battery. The Charging Station Tax will be tacked on to the selling price by the station operator. There is also an EV Fee for each Kentucky electric vehicle tax credit. If you own an EV, you must pay an additional $120 annually, along with the standard vehicle registration fees. If you're wondering what the limit for the amount of tax credit is for your EV, look no further! As of now, the maximum sum is set at $7,500 for the amount of tax credit permitted for an electric vehicle.
Learn More Information
When you buy an electric or hybrid vehicle from Mike Castrucci Ford of Alexandria, our specialists will inform you more about the Kentucky Electric Vehicle tax credit!
Contact Mike Castrucci Ford of Alexandria
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Mike Castrucci Ford Alexandria
7400 Alexandria Pike
Alexandria, KY 41001
- Sales: (855) 299-1953
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