As automotive hybrid technology continues to advance, the government-sponsored incentives for hybrid vehicles also evolve. Currently, Las Vegas drivers have access to a number of tax incentives and other programs that reduce the total cost of owning a plug-in electric vehicle (PEV). Incentives for older hybrids that don’t plug in have largely been phased out as plug-in technology becomes the new standard in efficiency and environmental friendliness. What Is the Qualified PEV Tax Credit and Who Is Eligible to Receive It? The Qualified PEV Tax Credit Reduces Purchase Price The Qualified Plug-In Electric Vehicle Tax Credit effectively reduces the purchase price of plug-in hybrid vehicles by $2,500 to $7,500. Exactly how much the tax credit is worth depends on the