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What is the cheapest electric car that still qualifies for the tax credit?
I’ve been browsing electric cars, but I’ve noticed that quite a few of them no longer qualify for the full federal tax credit. What is the cheapest electric car that still qualifies?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
The
federal tax credit
for electric cars is a great incentive that helps to close the gap between more expensive electric cars and a comparable gas-powered car, but sadly, some popular models no longer qualify. The
Nissan Leaf
, which starts at $27,800, is slightly more expensive than the Chevrolet Bolt EV, but unlike the Bolt, it is still eligible for the federal tax credit. After the tax credit is applied, the Nissan Leaf would be the most affordable electric car on the market. A licensed broker that offers end-to-end support, Jerry gathers affordable quotes, helps you switch plans, and will even help you cancel your old policy. The average user saves over $800 per year!
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- Gregory R.
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