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are hybrid vehicles eligible for tax credit
I'm a seasoned industrial engineer with a keen interest in machine learning. Here to share insights on latest industry trends.
While it's true that certain hybrids are eligible for tax credits in the U.S.. there are several factors that determine eligibility. such as the manufacturer. model. and battery capacity. The credit amounts vary from $2.500 to $7.500 and are part of the federal government's electric vehicle program. Some states also provide extra incentives. Keep in mind. these credits will decrease once a company hits $20.000 in sales for qualifying cars. Therefore. it's advisable to stay updated on tax regulations or seek advice from a tax expert before making a purchase.
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