Series production electric motorcycles are exempt from VRT until 31 December 2023. That base price represents a 5,700 premium over the Santa Fe Hybrid, but the plug-in hybrid version of this SUV could actually cost less than the hybrid once the federal EV tax credit and other. Reliefs have been removed for any electric vehicles above €50,000. If you bought a new, qualified plug-in electric vehicle (EV) in 2022 or before, you may be eligible for a clean vehicle tax credit up to 7,500 under Internal Revenue Code Section 30D. Vehicles with an OMSP of greater than €40,000 but less than €50,000 will receive a reduced level of relief. Plug-in hybrid cars that qualify for a 3,750 EV tax credit: Ford Escape Plug-in Hybrid (2022-2023) Jeep Grand Cherokee PHEV 4xe (2022-2023) Jeep Wrangler PHEV 4xe (2022-2023) Lincoln Corsair. Vehicles with an Open Market Selling Price (OMSP) of up to €40,000 will be granted relief of up to €5,000. 2022 Ford Escape PHEV, F-150 Lightning, Mustang Mach-E, Transit Van. Series production passenger cars or commercial vehicles (VRT categories A and B) that are:Īre eligible for relief from VRT up to a maximum amount of €5,000. According to the IRS, the models that may now qualify for a tax credit after the Inflation Reduction Act was signed on Aug. Relief for Hybrid and Plug-In Hybrid Vehicles expired on 31 December 2020. Similarly the VRT calculator incorporates the relief automatically when calculating the estimated tax, if you are researching a qualifying vehicle. No additional application forms or requests are required to avail of them. The reliefs outlined below are applied automatically by Revenue at the point of registration in a Centre or on ROS.
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