REGULATIONS & INCENTIVES

PHEVs with 16 kWh or larger battery qualify for $7,500 tax credit

Six PHEVs Currently Qualify for the Maximum $7,500 Federal EV Tax Credit

There are six PHEVs that currently qualify for the $7,500 maximum tax credit, and their electric range is from a low of 21 miles for the Jeep Wrangler 4xe to a high of 65 miles for the Polestar 1. They also range in MSRP from about $38,000 for the Toyota RAV4 Prime to $165,000 for the Polestar 1. 

ICE-Bans-and-Goals-in-the-US

Organizations, OEMs, and States With Goals to Phaseout ICE Vehicles in the US

Various US states have proposed or passed legislation to either ban the sale of ICE vehicles or establish goals of reaching 100% zero-emission vehicles by either 2030 or 2035. Additionally, a few automakers and now FedEx have stated their goals for the end of the internal combustion engine in their fleets. The following table is a high-level overview of 11 organizations and their goals and timing.

Current and Future Likely ZEV and/or LEV States

The Virginia Senate approved a bill allowing the State Air Pollution Control Board to adopt both California’s low-emission vehicle standards (LEV) and its zero-emission vehicle (ZEV) standards