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Ever since the Obama administration released the EV Tax Credit to push car electrification and incite manufacturers to produce electric cars, consumers became eligible for the so-called EV Tax Credit. The government incentive worked well, but the $7,500 EV Tax Credit isn’t the only incentive you can receive while buying an electric car. In fact, with the White House’s intention to end subsidies for EV purchases, it may seem that the EV Tax Credit is on its last leg. However, there’s still a lot of time for you to buy an electric car and claim all the rebates eligible to you. Apart from the nation-wide EV Tax Credit, some states offer additional incentives. They can be so huge that, if played right and in the right place, you can buy the $35,000 Tesla Model 3 for $26,250. In this article, I will answer all the obvious questions about the EV Tax Credit, rebates, and incentives for the purchase of the electric cars and plug-in hybrids.
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