If you want to save money on your annual tax bill, you can be the king of the road and your taxes when you enjoy tax credit savings associated with purchasing an electric or hybrid car.

There are two tax credits available to taxpayers who bought an electric or an alternative powered motor vehicle in 2015.

Alternative Motor Vehicle Tax Credit – This tax credit applies only to new cars and is available to original purchasers of a vehicle who place a qualified fuel cell vehicle into service. A fuel cell vehicle is defined as one that is propelled by power from cells that convert chemical energy into electricity. Currently, the list of qualified fuel cell cars that qualify for the tax credit include:

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Mercedes-Benz 2012 F-Cell

Honda 2012 FCX Clarity Fuel Cell Vehicle

Honda 2011 FCX Clarity Fuel Cell Vehicle

Honda 2010 FCX Clarity Fuel Cell Vehicle

Honda 2009 FCX Clarity Fuel Cell Vehicle

Check Your Eligibility

Absolutely RISK-FREE & Confidential Evaluation!

I acknowledge and understand that by submitting this Contact Request form through clicking "Check Eligibility!", I provide my express consent to the following: (1) That I am bound by Eligibility.com LLC’s Privacy Policy and Terms of Use; (2) That I am not required to submit this form, and thereby agree to all terms located herein, as a condition to receive any property, goods, or services that may be offered, and that I may revoke my consent at any time.

Honda 2008 FCX Clarity Fuel Cell Vehicle

Qualified Plug-In Electric Drive Motor Vehicle Credit – Vehicle owners who put a qualified plug-in electric drive motor vehicle into service can qualify for this tax credit. The vehicle must run primarily by an electric motor and draw electricity from a battery capable of being recharged. Different qualifying vehicles will have varying tax credit amounts that can be applied. The list of qualifying vehicles includes:

AMP GCE and MLE Electric Vehicle

Azure Dynamics Transit Connect Electric Vehicle

BMW i3 Sedan and i3 Sedan with Ranger Extender, i8 Sedan

Boulder Electric Delivery Van DV-500, Electric Shuttle DV500, Electric Flat Bed DV-500, Electric Service Body DV-500

BYD Motors e6 Electric Vehicle

Chrysler Fiat 500e

CODA Sedan (Electric Vehicle manufactured by CODA Automotive Inc.)

EVI-MD (Medium Duty) Electric truck, EVI-WI (Walk-In) Electric truck

EMC Model E36 7 Passenger Wagon, Model E36t Pick-Up truck, and Model E36v Utility Van

Fisker Karma Sedan

Ford Focus Electric, Ford C-MAX Energi, Ford Fusion Energi

GM Chevrolet Volt, Chevrolet Spark EV, Cadillac ELR

Honda Accord Plug-In Hybrid

Mercedes-Benz smart Coupe/Cabrio EV, B-Class EV

Mitsubishi i-MiEV (Electric Vehicle)

Nissan Leaf

Porsche 918 Spyder, Panamera S E Hybrid, Caynee S E-Hybrid

Smart Fortwo Electric Drive Vehicle

Tesla Roadster, Tesla Model S Vehicle

Think City EV (Electric Vehicle)

Toyota Prius Plug-in Electric Drive Vehicle, Toyota RAV4 EV

VIA 2500 Extended Range Electric Passenger Van and Electric Cargo Van, 1500 Extended Range Electric Truck 4WD and 2WD (All body styles)

Wheego LiFe Electric Vehicle

Zenith Electric Van