![]() ![]() Note: If you purchase and take possession of a qualifying electric vehicle between August 16, 2022, and December 31, 2022, the only new rule that applies is that the final assembly of the vehicle has to be completed in North America. These include factors such as where critical minerals were sourced, where batteries are made, income thresholds, and price caps. Increasingly onerous eligibility requirements come into effect from January 1, 2023. The long and short of it is, if you’re interested in buying a PHEV in the next few years, our advice is to act fast (for most vehicles). The sales cap still applies until the end of 2022, however, meaning some PHEVs remain ineligible for the credit until January 1, 2023. As of August 16 th, 2022, only PHEVs made in North America qualify for the tax credit. The Inflation Reduction Act, passed in August 2022, changed the eligibility criteria for plug-in hybrid electric vehicles (PHEVs) to qualify for the clean vehicle tax credit. 2022 PHEV models eligible for the tax credit.Which PHEVs qualify for the 2023 tax credit?.The new rules for PHEV 2023 tax credits.These figures may not reflect real-life driving results, which will depend upon a number of factors including the starting charge of the battery, accessories fitted (post-registration), variations in weather, driving styles and vehicle load. Only compare fuel consumption, CO2 and electric range figures with other cars tested to the same technical procedures. The figures shown are for comparability purposes. The electric range shown was achieved using the new (WLTP) test procedure. There is a new test for fuel consumption, CO2 emissions and electric range figures. A plug-in hybrid vehicle requires mains electricity for charging. The Equivalent All-Electric Range (EAER) for Plug-in Hybrid Electric Vehicles (PHEVs) were obtained using a combination of battery power and fuel. An Electric Vehicle (EV) requires mains electricity for charging. The All-Electric Range (AER) for Electric Vehicles (EVs) were obtained after the battery had been fully charged. Errors and Omissions Excepted.įuel Economy, CO2 Emissions and Electric Range Calls are recorded for training and monitoring purposes. Please check this independently to satisfy yourself before placing an order. Images of vehicles, (model and derivative), accessories and/or paint and interior colours are for illustration purposes only and may not be exact. We are not a funder or lender.įinance is subject to status. Fleet Electric are proud to be a member of the British Vehicle Rental and Leasing Association (BVRLA) No 10189. We will receive commission and/or other benefits from the finance provider if you enter into an agreement with them. ![]() You can check this information at are an independent vehicle finance broker and we operate with a panel of carefully selected funders. Our Data Protection Registration number is ZA789539. You can check this information at or by contacting the FCA direct on 03. Hanborough Enterprises Limited’s Firm Reference Number is 631448. We are an Appointed Representative of Hanborough Enterprises Limited who is authorised and regulated for consumer credit activities and insurance distribution by the Financial Conduct Authority. We are a Franchisee of the Bridle Group which is a trading division of Hanborough Enterprises Ltd to whom we introduce our business under our Franchise Agreement. Applicable to cars that produce more than 50 g/km of CO2įor contracts entered in to from April 2021įleet Electric Leasing Limited trading as Fleet Electric is a company registered in England no 12885666 whose registered office and trading address is at Unit Q1 Quadrant Distribution Centre, Quadrant Way, Hardwicke, Gloucester, GL2 2RN.
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