Erick

Hello Cathy- How are you calculating the credit? Is it 20% of 10% of the purchase cost? Or just 10% of the purchase cost? I've heard both of these methods discussed.

It seems to me, however, that if you apply the actual law in context, and if the taxpayer elects instead to take the percentage (or 10%) of the total overall purchase cost, that is by definition, excluding that portion (90%) of the vehicle which operates on gasoline or diesel. Correct?