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• DO NON PLUG IN HYBRID CARS GET TAX CREDIT FREE

Vehi­cle must meet one or more of the fol­low­ing criteria:.Vehi­cle must be gaso­line or diesel-powered.The vehi­cle must be cur­rent­ly reg­is­tered under the participant’s name with the Col­orado Depart­ment of Motor Vehicles.The vehi­cle title must be issued to sole­ly the par­tic­i­pant AND must not have a lien (there must not be an out­stand­ing loan for the vehicle).Only one VXC rebate is allowed per tax household. Sup­ple­men­tal Nutri­tion Assis­tance Pro­gram (SNAP).State of Col­orado Low-Income-Ener­gy Assis­tance Pro­gram (LEAP).

Spe­cial Sup­ple­men­tal Nutri­tion Pro­gram for Women, Infants, and Chil­dren (WIC).Region­al Trans­porta­tion Dis­trict (RTD) LiVE.Colorado’s Weath­er Assis­tance Pro­gram (WAP).Col­orado Afford­able Res­i­den­tial Ener­gy (CARE) Program.Enroll­ment in any one of the fol­low­ing finan­cial assis­tance programs:.House­hold income below 8 0% of the area medi­an income in the coun­ty where the res­i­dent lives OR.Meet at least one of the fol­low­ing income requirements:.Own an eli­gi­ble old or high-emit­ting vehicle.Eli­gi­ble to pur­chase or lease a vehi­cle in Colorado.Writ­ten bind­ing con­tracts (non-refund­able deposit or down pay­ment of 5% of the total con­tract price) to pur­chase a qual­i­fy­ing elec­tric vehi­cle before Augshould not be affect­ed by new tax cred­it stip­u­la­tions. Lease cred­it goes to the leas­ing com­pa­ny, typ­i­cal­ly low­er­ing the lease cost. The cred­it amount will vary based on the capac­i­ty of the bat­tery used to pow­er the vehi­cle.

New elec­tric vehi­cles pur­chased after 2010 may be eli­gi­ble for a fed­er­al income tax cred­it of up to $7,500 - assum­ing suf­fi­cient income tax appetite.

DO NON PLUG IN HYBRID CARS GET TAX CREDIT FREE

has a free trade agree­ment, or use crit­i­cal min­er­als that were recy­cled in North America. Anoth­er $3,750 if the vehi­cle has crit­i­cal min­er­als that were extract­ed or processed in the U.S.$3,750 if the vehi­cle has bat­tery com­po­nents that are man­u­fac­tured or assem­bled in North Amer­i­ca (list­ed here: ).This applies even if you bought the vehi­cle before April 18. If you take pos­ses­sion of a new clean vehi­cle on or after April 18, 2023, it must meet crit­i­cal min­er­al and bat­tery com­po­nent require­ments to qual­i­fy for the cred­it.