Mitsubishi Phev Tax Credit

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However, if the credit exceeds the value of your tax bill, then you receive the difference back as a refund. Thus, if your state taxes add up to $3,500, you will receive an additional $1,500 on your. Mitsubishi outlander phev heads to market with no ev credit |. 1 msrp caps of $55,000 for a car and $80,000 for an suv — for example, the list shows all four.

¹ manufacturer’s suggested retail price (msrp) for 2023 outlander phev sel is $45,445. Premium paint charge for black diamond ($595), red diamond ($595), and white diamond. The tax credits are nonrefundable and can’t be applied to future tax years, so if your total tax liability is not high enough, you won’t be able to take full advantage of the credit. 2022 phev models eligible for the tax credit; How to tell where a phev is assembled; Final thoughts on phevs for 2023; The inflation reduction act, passed in august. All evs and phevs sold after aug. 16 are subject to a new tax credit plan with a north american assembly requirement.