9 State and local tax incentives may also apply. 8 You May Get a Tax BreakĪll-electric and plug-in hybrids purchased new in or after 2010 may be eligible for a federal income tax credit of up to $7,500. Department of Energy notes that the emissions benefits of hybrid electric vehicles vary by vehicle model and type of hybrid power system, while EVs typically produce zero tailpipe emissions and PHEVs typically produce no tailpipe emissions when driven in all-electric mode. Hybrid and electric vehicles can have emissions benefits over conventional vehicles, depending on the type of vehicle you choose. 6 Pros of Electric and Hybrid Cars Saving Money on Fuelĭo you really save money with an electric or hybrid car? Although the hefty startup costs fall under the “cons” category for electric and hybrid cars, these vehicles generally cost less to run over time due to lower (or no) fuel costs. These cars need liquid fuel because they run on electricity until their batteries run out, then switch to the gas engine. Plug-In Hybrid Electric Vehicles (PHEVs) come equipped with an internal combustion gas engine as well. Instead, the battery gets charged by a combination of the internal combustion engine and regenerative braking. Hybrid vehicles use battery power to supplement a traditional internal combustion engine and do not need to be plugged into anything to charge. They also don’t need fuel equipment, such as a fuel pump, line or fuel tank. 3Įlectric cars don’t need liquid fuel such as gasoline or diesel.
#Do non plug in hybrid cars get tax credit driver
This means that when the driver brakes, some of the energy that would typically be lost during braking generates electricity that powers the vehicle. 2ĭuring driving, regenerative braking might also charge an electric car.
The electric car gets charged by an “off-board” power source when it’s plugged in to a charging station or wall outlet. Each vehicle depends on a large traction battery pack that stores electrical energy, which in turn powers the electric motor. The “electric cars and hybrids” vehicle category includes electric, hybrid and plug-in hybrid electric vehicles.Įlectric cars differ from traditional vehicles in that they’re powered by electric motors, not internal combustion engines. Here’s a look at some of the advantages and disadvantages of electric and hybrid vehicles. 1 If you’re contemplating an electric vehicle (EV) or a hybrid car for your next car purchase, you should consider the pros and cons of buying a car that’s not your traditional vehicle. Navigating Your Business Through COVID-19Įlectric and hybrid cars are becoming more mainstream as studies are showing that these vehicles offer benefits of improved fuel economy, lower fuel costs and reduced emissions.
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