Federal Tax credit for Electric Jeep Models

Drivers in Columbia, Lucedale, and Hattiesburg who are owners of all-electric or plug-in hybrid Jeep vehicles purchased new in or after 2010 may be eligible for a federal income tax credit of up to $7,500. Learn more about electric and hybrid plug-in vehicles as well as how you can qualify for the available federal tax credit with Walt Massey Auto Group.

Electric vs Plug-In Hybrid

Fully electric vehicles (EV) and plug-in hybrid vehicles (PHEV) are both beneficial to the environment because they reduce carbon emissions and improve fuel economy. Electric vehicles run only on electricity while plug-in hybrid models run on both gas and electricity.

  • Electric Vehicles- Uses a battery pack to store electric energy and power the motor emitting no exhaust from the tailpipe
  • Plug-In Hybrid- Combination of a gas tank as well as a battery to power an internal combustion engine

Eligible Electric and Plug-In Hybrid Jeep Models

Both the 2022 Wrangler 4xe and the 2022 Grand Cherokee 4xe are eligible for a maximum tax credit of $7,500.

  • 2022 Wrangler 4xe- PHEV
  • 2022 Grand Cherokee 4xe- EV

Federal Tax Credit Requirements

In order to qualify for tax credit the vehicle must meet the following requirements:

  • The vehicle must be made by the manufacturer, this means if you have converted a conventional vehicle to electric you will not qualify.
  • The vehicle must be treated as a motor vehicle for purposes of title II of the Clean Air Act.
  • It must have a gross vehicle weight rating of less than 14,000 pounds.
  • Lastly, the vehicle must be propelled to a significant extent by an electric motor which draws electricity from a battery. The vehicle must not have any less than 4 kilowatt hours of battery capacity and must be capable of being recharged from an external electricity source.

Learn More From Walt Massey Auto Group

If you own an electric or plug-in hybrid Jeep vehicle and are interested in learning more about your eligibility for a federal tax credit visit one of our Jeep dealership locations in Lucedale or Columbia. If you have any questions or want more information about offers and incentives feel free to contact us online. We look forward to working with you!

Walt Massey Automotive Group 30.902846, -88.598519.