PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Who created the tax break for electric cars?
I recently bought my first electric car and getting the $7,500 tax credit really helped. Who created the tax break for electric cars?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
The
federal tax credit for electric cars
was created by the U.S. government to help incentivize electric car sales and make them more accessible to American drivers. In 2008, the first Energy Improvement and Extension Act of 2008 that granted tax credits for new qualified plug-in electric drive motor vehicles was signed into law by former President George W. Bush. In 2009, former President Barack Obama signed into law the American Recovery and Reinvestment Act of 2009 and the American Clean Energy and Security Act of 2009, which both authorized federal tax credits for electric cars.
Owning an EV can be expensive, but getting a tax credit isn’t the only way to save. Download the
Jerry
app to get the best deal on car insurance
. Jerry is an app that acts as a licensed broker and does all the hard work of finding and comparing quotes from the top name-brand insurance companies so you don’t have to.
Jerry will even send you new quotes every time your policy comes up for renewal, so you’re always getting the coverage you want at the best price.
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
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.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
