Qualified Electric Vehicle
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Definition of 'Qualified Electric Vehicle'
An electric vehicle that qualifies the owner to claim a nonrefundable tax credit. A qualified electric vehicle must have at least four wheels and be designed for public use. It must also be powered primarily by an electric motor drawing its charge from rechargable batteries or fuel cells. The vehicle must be driven almost exclusively in the U.S.
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Investopedia explains 'Qualified Electric Vehicle'
In order to claim the qualified electric vehicle credit, the taxpayer must have purchased the vehicle new and for personal or business use. The vehicle cannot be purchased for resale, and it cannot have been used as a nonelectric vehicle at any time. The credit is claimed on IRS Form 8834.
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Search results for 'Qualified Electric Vehicle'
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http://www.investopedia.com/articles/tax/08/tax-credit.asp
... taxpayers qualify for, such as: Residential Energy Credit; Qualified
Plug-In and Electric Vehicle Credit; Mortgage Interest Credit; ...
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http://www.investopedia.com/articles/pf/07/tax_prep.asp
... New Electric vehicles purchased after December 31 2009 will come ... and $7,500 depending
on the vehicle and the ... Reminder: The credit for qualified hybrid vehicles ...
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http://www.investopedia.com/articles/pf/08/medical-debt.asp
... services have become a promotional vehicle for providers ... CareCredit, an arm of General
Electric Money Company ... individuals save for future qualified medical care ...
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