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Plug In Hybrid 2024 Tax Credit. The five phevs that receive a $3750 credit are the bmw x5 xdrive 50e, the ford escape phev, the jeep grand cherokee 4xe and wrangler 4xe, and the lincoln. Jan 1, 2024 at 3:09pm et. File your taxes online with confidence. That means if your budget or interest extends only to.