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Is there a Honda Clarity plug-in hybrid tax credit?
I want to cash in on the federal tax credits for buying an EV but wasn’t sure—is there a credit for buying the Honda Clarity plug-in hybrid? That’s the car that I’m looking at, and I want to be sure it will qualify.
Jason Crosby · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Your
Honda Clarity
plug-in hybrid will qualify. If it’s between the model years 2018-2021, you could receive up to $7,500 in credits toward what you owe in taxes, so if you’re interested in purchasing a green vehicle like the Honda Clarity, it’s a pretty great deal for you. Honda is one of the carmakers who still has vehicles that qualify for the
tax credit
, unlike GM and Tesla
, who ran out due to how popular their hybrids and EVs became. To be fair, though, Honda had a bit of a late start compared to these companies, so these credits may not last forever. But for right now, you’re in the clear for purchasing the Clarity plug-in hybrid. If you purchase a 2014 Honda Clarity plug-in hybrid, your vehicle will qualify for a little less in tax credits, but still a sizable amount of $3,626. That’s a pretty penny, not even counting what you’ll save on gas as prices continue to rise. It’s not just the Honda Clarity that qualifies, either—all of Honda’s hybrid and EV models that have been purchased new after the year 2010 qualify for varying degrees of tax relief.
And if you’re looking to cash in on even more savings on your Honda Clarity, consider using the
Jerry
app to hone in on the best deals on car insurance. It’s this simple: download the Jerry app or go to getjerry.com. In less than 45 seconds, Jerry collects all of your information from your existing insurer. Choose from competitive quotes from top insurance companies and Jerry takes care of the rest—securing your new policy and helping you cancel your old one upon request.View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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