Table of Contents
Federal Tax Credit Up To $7,500!
All-electric and plug-in hybrid cars purchased new in or after 2010 may be eligible for a federal income tax credit of up to $7,500. The credit amount will vary based on the capacity of the battery used to power the vehicle. State and/or local incentives may also apply.
Small neighborhood electric vehicles do not qualify for this credit, but they may qualify for another credit.
Filter table by…
Vehicle Make & Model | Vehicle Type | Full Credit | Phase Out | |
---|---|---|---|---|
50% | 25% | |||
AMP Electric Vehicles | 1/1/10 to Present | TBD | TBD | |
2012 GCE Electric Vehicle | ||||
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$7,500 |
– |
– |
|
2012 MLE Electric Vehicle | ||||
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$7,500 |
– |
– |
|
Audi | 1/1/10 to Present | TBD | TBD | |
2016–18 A3 e-tron | ||||
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$4,502 |
– |
– |
|
2019 e-tron SUV | ||||
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$7,500 |
– |
– |
|
2016 A3 e-tron ultra | ||||
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$4,502 |
– |
– |
|
2020 A8L PHEV | ||||
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$6,795 |
– |
– |
|
BMW | 1/1/10 to Present | TBD | TBD | |
2014–20 i3 Sedan | ||||
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$7,500 |
– |
– |
|
2014–20 i3 Sedan w/ Range Extender | ||||
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$7,500 |
– |
– |
|
2017 i3 Sedan (w/ 60 amp-hr battery) | ||||
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$7,500 |
– |
– |
|
2018–20 i3s | ||||
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$7,500 |
– |
– |
|
2018–20 i3s w/ Range Extender | ||||
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$7,500 |
– |
– |
|
2014–17 i8 | ||||
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$3,793 |
– |
– |
|
2019–20 i8 Coupe | ||||
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$5,669 |
– |
– |
|
2019–20 i8 Roadster | ||||
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$5,669 |
– |
– |
|
2020 X3 xDrive30e | ||||
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$5,836 |
– |
– |
|
2016–18 X5 xDrive40e | ||||
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$4,668 |
– |
– |
|
2016–18 330e | ||||
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$4,001 |
– |
– |
|
2018–19 530e | ||||
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$4,668 |
– |
– |
|
2020 530e | ||||
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$5,836 |
– |
– |
|
2018–19 530e xDrive | ||||
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$4,668 |
– |
– |
|
2020 530e xDrive | ||||
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$5,836 |
– |
– |
|
2017 740e | ||||
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$4,668 |
– |
– |
|
2018–19 740e xDrive | ||||
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$4,668 |
– |
– |
|
2020 745e | ||||
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$5,836 |
– |
– |
|
BYD Motors | 1/1/10 to Present | TBD | TBD | |
2012–17 e6 Electric Vehicle | ||||
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$7,500 |
– |
– |
|
Cadillac | 1/1/10 to 3/31/19 | 4/1/19 to 9/30/19 | 10/1/19 to 3/31/20 | |
2014, 2016 Cadillac ELR | ||||
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$7,500 |
$3,750 |
$1,875 |
|
2017–18 Cadillac CT6 Plug-in | ||||
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$7,500 |
$3,750 |
$1,875 |
|
Chevrolet | 1/1/10 to 3/31/19 | 4/1/19 to 9/30/19 | 10/1/19 to 3/31/20 | |
2017–19 Chevrolet Bolt EV | ||||
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$7,500 |
$3,750 |
$1,875 |
|
2011–19 Chevrolet Volt | ||||
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$7,500 |
$3,750 |
$1,875 |
|
2014–16 Chevrolet Spark EV | ||||
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$7,500 |
$3,750 |
$1,875 |
|
Chrysler | 1/1/10 to Present | TBD | TBD | |
2017–20 Pacifica Plug-in Hybrid | ||||
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$7,500 |
– |
– |
|
CODA Automotive | 1/1/10 to Present | TBD | TBD | |
2010, 2012 CODA Sedan | ||||
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$7,500 |
– |
– |
|
Electric Mobile Cars | 1/1/10 to Present | TBD | TBD | |
2010 E36 7 Passenger Wagon | ||||
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$7,500 |
– |
– |
|
2010 E36t Pick-up Truck | ||||
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$7,500 |
– |
– |
|
2010 E36v Utility Van | ||||
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$7,500 |
– |
– |
|
Ferrari | 1/1/10 to Present | TBD | TBD | |
2020–21 SF90 Stradale | ||||
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$3,501 |
– |
– |
|
Fiat | 1/1/10 to Present | TBD | TBD | |
2013–19 Fiat 500e | ||||
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$7,500 |
– |
– |
|
Fisker | 1/1/10 to Present | TBD | TBD | |
2012 Fisker Karma Sedan | ||||
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$7,500 |
– |
– |
|
Ford | 1/1/10 to Present | TBD | TBD | |
2012–18 Ford Focus EV | ||||
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$7,500 |
– |
– |
|
2013–17 Ford C-Max Energi | ||||
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$4,007 |
– |
– |
|
2013–18 Ford Fusion Energi | ||||
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$4,007 |
– |
– |
|
2019–20 Ford Fusion Energi | ||||
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$4,609 |
– |
– |
|
Ford/Azure Dynamics | 1/1/10 to Present | TBD | TBD | |
2011–12 Transit Connect EV | ||||
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$7,500 |
– |
– |
|
Honda | 1/1/10 to Present | TBD | TBD | |
2014 Accord Plug-in Hybrid | ||||
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$3,626 |
– |
– |
|
2018–19 Clarity Plug-in Hybrid | ||||
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$7,500 |
– |
– |
|
Hyundai | 1/1/10 to Present | TBD | TBD | |
2017–19 Ioniq Electric | ||||
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$7,500 |
– |
– |
|
2018–19 Ioniq Plug-in Hybrid Electric Vehicle | ||||
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$4,543 |
– |
– |
|
2019 Kona Electric Vehicle | ||||
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$7,500 |
– |
– |
|
2016–19 Sonata Plug-in Hybrid | ||||
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$4,919 |
– |
– |
|
Jaguar | 1/1/10 to Present | TBD | TBD | |
2019 Jaguar I-Pace (First Edition, HSE, SE, S models) | ||||
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$7,500 |
– |
– |
|
2020 Jaguar I-Pace (HSE, SE, S models) | ||||
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$7,500 |
– |
– |
|
Kandi | 1/1/10 to Present | TBD | TBD | |
2019–21 Kandi EX3 | ||||
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$7,500 |
– |
– |
|
2019–20 Kandi K22 | ||||
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$7,500 |
– |
– |
|
2020–21 Kandi K23 | ||||
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$7,500 |
– |
– |
|
2020–21 Kandi K27 | ||||
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$7,500 |
– |
– |
|
Karma | 1/1/10 to Present | TBD | TBD | |
2018–20 Karma Revero | ||||
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$7,500 |
– |
– |
|
Kia | 1/1/10 to Present | TBD | TBD | |
2019–20 Niro EV | ||||
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$7,500 |
– |
– |
|
2018–20 Niro Plug-in Hybrid | ||||
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$4,543 |
– |
– |
|
2017–20 Optima Plug-in Hybrid | ||||
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$4,919 |
– |
– |
|
2015–20 Soul Electric | ||||
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$7,500 |
– |
– |
|
Land Rover | 1/1/10 to Present | TBD | TBD | |
2019 Range Rover PHEV (HSE) | ||||
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$7,087 |
– |
– |
|
2019 Range Rover Sport PHEV (HSE) | ||||
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$7,087 |
– |
– |
|
2020 Range Rover PHEV | ||||
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$6,295 |
– |
– |
|
2020 Range Rover Sport PHEV | ||||
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$6,295 |
– |
– |
|
Lincoln | 1/1/10 to Present | TBD | TBD | |
2020 Lincoln Aviator Grand Touring | ||||
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$6,534 |
– |
– |
|
Mercedes-Benz | 1/1/10 to Present | TBD | TBD | |
2014–17 B-Class EV | ||||
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$7,500 |
– |
– |
|
2015–17 S550e PHEV | ||||
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$4,460 |
– |
– |
|
2016–18 GLE550e 4matic PHEV | ||||
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$4,460 |
– |
– |
|
2018–19 GLC350e 4matic PHEV | ||||
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$4,460 |
– |
– |
|
2016–18 C350e | ||||
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$3,501 |
– |
– |
|
MINI | 1/1/10 to Present | TBD | TBD | |
2018–19 MINI Cooper S E Countryman ALL4 | ||||
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$4,001 |
– |
– |
|
2020 MINI Cooper S E Countryman ALL4 | ||||
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$5,002 |
– |
– |
|
2020 MINI Cooper S E Hardtop 2-Door | ||||
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$7,500 |
– |
– |
|
Mitsubishi | 1/1/10 to Present | TBD | TBD | |
2012, 2014, 2016, 2017 i-MiEV | ||||
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$7,500 |
– |
– |
|
2018–20 Outlander Plug-in | ||||
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$5,836 |
– |
– |
|
Nissan | 1/1/10 to Present | TBD | TBD | |
2011–19 Leaf | ||||
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$7,500 |
– |
– |
|
Polestar Automotive | 1/1/10 to Present | TBD | TBD | |
2020 Polestar 1 | ||||
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$7,500 |
– |
– |
|
2021 Polestar 2 | ||||
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$7,500 |
– |
– |
|
Porsche | 1/1/10 to Present | TBD | TBD | |
2015–18 Cayenne S E-Hybrid | ||||
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$5,336 |
– |
– |
|
2019 Cayenne E-Hybrid | ||||
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$6,712 |
– |
– |
|
2014–16 Panamera S E-Hybrid | ||||
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$4,752 |
– |
– |
|
2015 918 Spyder | ||||
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$3,667 |
– |
– |
|
2018 Panamera 4 E-Hybrid (E-Hybrid, E-Hybrid Sport Turismo, E-Hybrid Executive, Turbo S E-Hybrid, Turbo S E-Hybrid Executive) | ||||
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$6,670 |
– |
– |
|
2019–20 Panamera 4 E-Hybrid (E-Hybrid, E-Hybrid Sport Turismo, E-Hybrid Executive, Turbo S E-Hybrid, Turbo S E-Hybrid Executive) | ||||
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$6,712 |
– |
– |
|
2020 Taycan Turbo EV | ||||
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$7,500 |
– |
– |
|
2020 Taycan Turbo S EV | ||||
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$7,500 |
– |
– |
|
smart USA | 1/1/10 to Present | TBD | TBD | |
2011, 2013–18 fortwo electric vehicle (all) | ||||
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$7,500 |
– |
– |
|
2019 EQ fortwo Coupe | ||||
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$7,500 |
– |
– |
|
2019 EQ fortwo Cabrio | ||||
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$7,500 |
– |
– |
|
Subaru | 1/1/10 to Present | TBD | TBD | |
2019–20 Crosstek Hybrid | ||||
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$4,502 |
– |
– |
|
Tesla Motors | 1/1/10 to 12/31/18 | 1/1/19 to 6/30/19 | 7/1/19 to 12/31/19 | |
2012–20 Model S | ||||
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$7,500 |
$3,750 |
$1,875 |
|
2016–20 Model X | ||||
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$7,500 |
$3,750 |
$1,875 |
|
2020 Model 3 Standard Range | ||||
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$7,500 |
$3,750 |
$1,875 |
|
2019–20 Model 3 Standard Range Plus | ||||
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$7,500 |
$3,750 |
$1,875 |
|
2017–20 Model 3 Long Range | ||||
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$7,500 |
$3,750 |
$1,875 |
|
2018–20 Model 3 Long Range AWD and AWD Performance | ||||
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$7,500 |
$3,750 |
$1,875 |
|
2018–20 Model 3 Mid Range | ||||
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$7,500 |
$3,750 |
$1,875 |
|
2008–11 Roadster | ||||
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$7,500 |
$3,750 |
$1,875 |
|
Think | 1/1/10 to Present | TBD | TBD | |
2011 Think City EV | ||||
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$7,500 |
– |
– |
|
Toyota | 1/1/10 to Present | TBD | TBD | |
2012–14 RAV4 EV | ||||
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$7,500 |
– |
– |
|
2012–15 Prius Plug-in Hybrid | ||||
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$2,500 |
– |
– |
|
2017–20 Prius Prime Plug-in Hybrid | ||||
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$4,502 |
– |
– |
|
VIA Motors | 1/1/10 to Present | TBD | TBD | |
2014 2500 Extended Range Electric Passenger Van | ||||
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$7,500 |
– |
– |
|
2014 1500 Extended Range Electric Truck 4WD (All body styles) | ||||
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$7,500 |
– |
– |
|
2014 2500 Extended Range Electric Cargo Van | ||||
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$7,500 |
– |
– |
|
2014 1500 Extended Range Electric Truck 2WD (All body styles) | ||||
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$7,500 |
– |
– |
|
Volkswagen | 1/1/10 to Present | TBD | TBD | |
2015–19 e-Golf | ||||
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$7,500 |
– |
– |
|
Volvo | 1/1/10 to Present | TBD | TBD | |
2019 S60 | ||||
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$5,002 |
– |
– |
|
2020 S60 | ||||
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$5,419 |
– |
– |
|
2018–19 S90 | ||||
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$5,002 |
– |
– |
|
2020 S90 | ||||
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$5,419 |
– |
– |
|
2020 V60 | ||||
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$5,419 |
– |
– |
|
2018–19 XC60 | ||||
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$5,002 |
– |
– |
|
2020 XC60 | ||||
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$5,419 |
– |
– |
|
2016–17 XC90 | ||||
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$4,585 |
– |
– |
|
2018–19 XC90 | ||||
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$5,002 |
– |
– |
|
2020 XC90 | ||||
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$5,419 |
– |
– |
|
2018–19 XC90 Excellence | ||||
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$5,002 |
– |
– |
|
Wheego | 1/1/10 to Present | TBD | TBD | |
2011 LiFe | ||||
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$7,500 |
– |
– |
|
Zenith Motors | 1/1/10 to Present | TBD | TBD | |
2014–2017 Electric Van | ||||
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$7,500 |
– |
– |
|
2016–2017 Electric Minibus | ||||
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$7,500 |
– |
– |
TBD = To be determined
Updated 4/3/20
To be certified for the credit by the manufacturer, the vehicle must meet the following requirements:
- The vehicle must be made by a manufacturer (i.e., it doesn’t include conventional vehicles converted to electric drive).
- It must be treated as a motor vehicle for purposes of title II of the Clean Air Act.
- It must have a gross vehicle weight rating (GVWR) of not more than 14,000 lbs.
- It must be propelled to a significant extent by an electric motor which draws electricity from a battery which
- has a capacity of not less than 4 kilowatt hours and
- is capable of being recharged from an external source of electricity.
The following requirements must also be met for a certified vehicle to qualify:
- The original use of the vehicle commences with the taxpayer—it must be a new vehicle.
- The vehicle is acquired for use or lease by the taxpayer, and not for resale. (The credit is only available to the original purchaser of a new, qualifying vehicle. If a qualifying vehicle is leased to a consumer, the leasing company may claim the credit.)
- The vehicle is used mostly in the United States.
- The vehicle must be placed in service by the taxpayer during or after the 2010 calendar year.
The credit begins to phase out for vehicles at the beginning of the second calendar quarter after the manufacturer has sold 200,000 eligible plug-in electric vehicles (i.e., plug-in hybrids and EVs) in the United States as counted from January 1, 2010. IRS will announce when a manufacturer exceeds this production figure and will announce the subsequent phase out schedule (Plug-In Electric Drive Motor Vehicle Credit Quarterly Sales).
Fill out Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit.
For vehicles acquired for personal use, report the credit from Form 8936 on the appropriate line of your Form 1040, U.S. Individual Income Tax Return
.
For vehicles purchased in 2010 or later, this credit can be used toward the alternative minimum tax (AMT).
If the qualifying vehicle is purchased for business use, the credit for the business use of an electric vehicle is reported on Form 3800, General Business Credit.
DISCLAIMER
The information on this page should not be viewed as an official or legally binding document. Other requirements or exceptions may apply. For more detailed information, please consult an IRS tax representative and/or official IRS publications.