Federal Tax Credits for New All-Electric and Plug-in Hybrid Vehicles
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…
OR
| 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 | ||||
 |
$7,500 | – |
– |
|
| 2012 MLE Electric Vehicle | ||||
 |
$7,500 | – |
– |
|
| Audi | 1/1/10 to Present | TBD | TBD | |
| 2022 e-tron GT (e-tron GT/RS e-tron GT models) | ||||
 |
$7,500 | – |
– |
|
| Audi e-tron S (standard and Sportback models) | ||||
 |
$7,500 | – |
– |
|
| Audi Q4 50 e-tron quattro (standard and Sportback models) | ||||
 |
$7,500 | – |
– |
|
| 2020–22 e-tron Sportback | ||||
 |
$7,500 | – |
– |
|
| 2016–18 A3 e-tron | ||||
 |
$4,502 | – |
– |
|
| 2019, 2021–22 e-tron SUV | ||||
 |
$7,500 | – |
– |
|
| 2016 A3 e-tron ultra | ||||
|
$4,502 | – |
– |
|
| 2021 A7 55 TFSI e Quattro | ||||
 |
$6,712 | – |
– |
|
| 2022 A7 TFSI e Quattro | ||||
 |
$7,500 | – |
– |
|
| 2020 A8L PHEV | ||||
 |
$6,712 | – |
– |
|
| 2021 A8 L 60 TFSI e Quattro | ||||
 |
$6,712 | – |
– |
|
| 2020 Q5 PHEV | ||||
 |
$6,712 | – |
– |
|
| 2021 Q5 55 TFSI e Quattro | ||||
|
$6,712 | – |
– |
|
| 2022 Q5 TFSI e Quattro | ||||
 |
$7,500 | – |
– |
|
| Bentley | 1/1/10 to Present | TBD | TBD | |
| 2020–21 Bentayga Hybrid | ||||
 |
$7,500 | – |
– |
|
| BMW | 1/1/10 to Present | TBD | TBD | |
| 2014–21 i3 Sedan | ||||
 |
$7,500 | – |
– |
|
| 2014–21 i3 Sedan w/ Range Extender | ||||
|
$7,500 | – |
– |
|
| 2017 i3 Sedan (w/ 60 amp-hr battery) | ||||
|
$7,500 | – |
– |
|
| 2018–21 i3s | ||||
 |
$7,500 | – |
– |
|
| 2018–21 i3s w/ Range Extender | ||||
 |
$7,500 | – |
– |
|
| 2022 i4 eDrive40 Gran Coupe | ||||
 |
$7,500 | – |
– |
|
| 2022 i4 M50 Gran Coupe | ||||
|
$7,500 | – |
– |
|
| 2014–17 i8 | ||||
 |
$3,793 | – |
– |
|
| 2019–20 i8 Coupe | ||||
 |
$5,669 | – |
– |
|
| 2019–20 i8 Roadster | ||||
 |
$5,669 | – |
– |
|
| 2023 iX M60 | ||||
|
$7,500 | – |
– |
|
| 2022 iX xDrive50 | ||||
|
$7,500 | – |
– |
|
| 2020–21 X3 xDrive30e | ||||
 |
$5,836 | – |
– |
|
| 2016–18 X5 xDrive40e | ||||
 |
$4,668 | – |
– |
|
| 2021–22 X5 xDrive45e | ||||
 |
$7,500 | – |
– |
|
| 2016–18 330e | ||||
 |
$4,001 | – |
– |
|
| 2021–22 330e | ||||
 |
$5,836 | – |
– |
|
| 2021–22 330e xDrive | ||||
|
$5,836 | – |
– |
|
| 2018–19 530e | ||||
 |
$4,668 | – |
– |
|
| 2020–22 530e | ||||
|
$5,836 | – |
– |
|
| 2018–19 530e xDrive | ||||
|
$4,668 | – |
– |
|
| 2020–22 530e xDrive | ||||
 |
$5,836 | – |
– |
|
| 2017 740e | ||||
 |
$4,668 | – |
– |
|
| 2018–19 740e xDrive | ||||
|
$4,668 | – |
– |
|
| 2020–22 745e xDrive | ||||
 |
$5,836 | – |
– |
|
| BYD Motors | 1/1/10 to Present | TBD | TBD | |
| 2012–17 e6 Electric Vehicle | ||||
 |
$7,500 | – |
– |
|
| General Motors vehicles purchased after 3/31/2020 are not eligible for these tax credits. | ||||
| Cadillac | 1/1/10 to 3/31/19 | 4/1/19 to 9/30/19 | 10/1/19 to 3/31/20 | |
| 2014, 2016 ELR | ||||
 |
$7,500 | $3,750 |
$1,875 |
|
| 2017–18 CT6 Plug-in | ||||
 |
$7,500 | $3,750 |
$1,875 |
|
| General Motors vehicles purchased after 3/31/2020 are not eligible for these tax credits. | ||||
| Chevrolet | 1/1/10 to 3/31/19 | 4/1/19 to 9/30/19 | 10/1/19 to 3/31/20 | |
| 2017–20 Bolt EV | ||||
 |
$7,500 | $3,750 |
$1,875 |
|
| 2011–19 Volt | ||||
 |
$7,500 | $3,750 |
$1,875 |
|
| 2014–16 Spark EV | ||||
 |
$7,500 | $3,750 |
$1,875 |
|
| Chrysler | 1/1/10 to Present | TBD | TBD | |
| 2017–22 Pacifica Plug-in Hybrid | ||||
 |
$7,500 | – |
– |
|
| CODA Automotive | 1/1/10 to Present | TBD | TBD | |
| 2010, 2012 CODA Sedan | ||||
 |
$7,500 | – |
– |
|
| Electric Last Mile Solutions (ELMS) | 1/1/10 to Present | TBD | TBD | |
| 2022 ELMS Urban Delivery | ||||
 |
$7,500 | – |
– |
|
| Electric Mobile Cars | 1/1/10 to Present | TBD | TBD | |
| 2010 E36 7 Passenger Wagon | ||||
|
$7,500 | – |
– |
|
| 2010 E36t Pick-up Truck | ||||
| |
$7,500 | – |
– |
|
| 2010 E36v Utility Van | ||||
|
$7,500 | – |
– |
|
| Ferrari | 1/1/10 to Present | TBD | TBD | |
| 2020–21 SF90 Stradale | ||||
 |
$3,501 | – |
– |
|
| Fiat | 1/1/10 to Present | TBD | TBD | |
| 2013–19 500e | ||||
 |
$7,500 | – |
– |
|
| Fisker | 1/1/10 to Present | TBD | TBD | |
| 2012 Karma Sedan | ||||
 |
$7,500 | – |
– |
|
| Ford | 1/1/10 to Present | TBD | TBD | |
| 2012–18 Focus EV | ||||
 |
$7,500 | – |
– |
|
| 2013–17 C-Max Energi | ||||
 |
$4,007 | – |
– |
|
| 2013–18 Fusion Energi | ||||
 |
$4,007 | – |
– |
|
| 2019–20 Fusion Energi | ||||
 |
$4,609 | – |
– |
|
| 2020–22 Escape Plug-in Hybrid | ||||
 |
$6,843 | – |
– |
|
| 2021 Mustang Mach-E First Edition Premium AWD | ||||
 |
$7,500 | – |
– |
|
| 2021–22 Mustang Mach-E California Route 1 (AWD, RWD models) | ||||
|
$7,500 | – |
– |
|
| 2021–22 Mustang Mach-E Premium (AWD, RWD models) | ||||
|
$7,500 | – |
– |
|
| 2021–22 Mustang Mach-E Select (AWD, RWD models) | ||||
|
$7,500 | – |
– |
|
| 2021–22 Mustang Mach-E GT | ||||
|
$7,500 | – |
– |
|
| 2022 E-Transit | ||||
|
$7,500 | – |
– |
|
| 2022 F-150 Lightning (Standard Range, Extended Range) | ||||
|
$7,500 | – |
– |
|
| Ford/Azure Dynamics | 1/1/10 to Present | TBD | TBD | |
| 2011–12 Transit Connect EV | ||||
 |
$7,500 | – |
– |
|
| Honda | 1/1/10 to Present | TBD | TBD | |
| 2014 Accord Plug-in Hybrid | ||||
 |
$3,626 | – |
– |
|
| 2018–21 Clarity Plug-in Hybrid | ||||
 |
$7,500 | – |
– |
|
| Hyundai | 1/1/10 to Present | TBD | TBD | |
| 2017–21 Ioniq Electric | ||||
 |
$7,500 | – |
– |
|
| 2022 Ioniq 5 | ||||
 |
$7,500 | – |
– |
|
| 2018–22 Ioniq Plug-in Hybrid Electric Vehicle | ||||
 |
$4,543 | – |
– |
|
| 2019–22 Kona Electric Vehicle | ||||
 |
$7,500 | – |
– |
|
| 2016–19 Sonata Plug-in Hybrid | ||||
 |
$4,919 | – |
– |
|
| 2022 Tucson Plug-in Hybrid | ||||
 |
$6,587 | – |
– |
|
| 2022 Santa Fe Plug-in Hybrid | ||||
 |
$6,587 | – |
– |
|
| 2023 Genesis GV60 | ||||
|
$7,500 | – |
– |
|
| Jaguar | 1/1/10 to Present | TBD | TBD | |
| 2019 I-Pace (First Edition, HSE, SE, S models) | ||||
 |
$7,500 | – |
– |
|
| 2020–21 I-Pace (HSE, SE, S models) | ||||
|
$7,500 | – |
– |
|
| 2022–23 I-Pace (HSE) | ||||
|
$7,500 | – |
– |
|
| Jeep | 1/1/10 to Present | TBD | TBD | |
| 2021–22 Wrangler PHEV | ||||
 |
$7,500 | – |
– |
|
| Jeep Grand Cherokee PHEV | ||||
 |
$7,500 | – |
– |
|
| Kandi | 1/1/10 to Present | TBD | TBD | |
| 2019–21 Kandi EX3 | ||||
|
$7,500 | – |
– |
|
| 2019–20 Kandi K22 | ||||
|
$7,500 | – |
– |
|
| 2020–22 Kandi K23 | ||||
|
$7,500 | – |
– |
|
| 2020–22 Kandi K27 | ||||
 |
$7,500 | – |
– |
|
| Karma | 1/1/10 to Present | TBD | TBD | |
| 2018–20 Karma Revero | ||||
 |
$7,500 | – |
– |
|
| Kia | 1/1/10 to Present | TBD | TBD | |
| 2015–20 Soul Electric | ||||
 |
$7,500 | – |
– |
|
| 2017–20 Optima Plug-in Hybrid | ||||
 |
$4,919 | – |
– |
|
| 2018–22 Niro Plug-in Hybrid | ||||
 |
$4,543 | – |
– |
|
| 2019–22 Niro EV | ||||
 |
$7,500 | – |
– |
|
| 2022 EV6 (58 kWh, 77.4 kWh) | ||||
 |
$7,500 | – |
– |
|
| 2022 Sorento Plug-in Hybrid | ||||
 |
$6,587 | – |
– |
|
| Land Rover | 1/1/10 to Present | TBD | TBD | |
| 2019 Range Rover PHEV (HSE) | ||||
 |
$7,087 | – |
– |
|
| 2020–21 Range Rover PHEV | ||||
|
$6,295 | – |
– |
|
| 2022 Range Rover PHEV (HSE, Autobiography models) | ||||
|
$6,295 | – |
– |
|
| 2019 Range Rover Sport PHEV (HSE) | ||||
 |
$7,087 | – |
– |
|
| 2022 Range Rover Sport PHEV (HSE) | ||||
 |
$6,295 | – |
– |
|
| 2020–22 Range Rover Sport PHEV | ||||
|
$6,295 | – |
– |
|
| 2023 Land Rover Range Rover SE PHEV | ||||
|
$7,500 | – |
– |
|
| 2023 Land Rover Range Rover Sport Autobiography PHEV | ||||
|
$7,500 | – |
– |
|
| Lexus | 1/1/10 to Present | TBD | TBD | |
| 2022 NX Plug-In Hybrid | ||||
 |
$7,500 | – |
– |
|
| Lincoln | 1/1/10 to Present | TBD | TBD | |
| 2020–22 Aviator Grand Touring | ||||
 |
$6,534 | – |
– |
|
| 2021–22 Corsair Reserve Grand Touring (PHEV) | ||||
 |
$6,843 | – |
– |
|
| 2022 Corsair Grand Touring (PHEV) | ||||
|
$6,843 | – |
– |
|
| Lucid | 1/1/10 to Present | TBD | TBD | |
| 2022 Air Dream Edition | ||||
 |
$7,500 | – |
– |
|
| 2022 Air Grand Touring | ||||
 |
$7,500 | – |
– |
|
| Mazda | 1/1/10 to Present | TBD | TBD | |
| 2022 MX-30 | ||||
 |
$7,500 | – |
– |
|
| McLaren | 1/1/10 to Present | TBD | TBD | |
| 2022 Artura | ||||
|
$4,585 | – |
– |
|
| Mercedes-Benz | 1/1/10 to Present | TBD | TBD | |
| 2022 Mercedes-Benz AMG EQS Sedan | ||||
|
$7,500 | – |
– |
|
| 2022 EQS 450+ | ||||
 |
$7,500 | – |
– |
|
| 2022 EQS 580 4Matic | ||||
 |
$7,500 | – |
– |
|
| 2014–17 B-Class EV | ||||
 |
$7,500 | – |
– |
|
| 2015–17 S550e PHEV | ||||
 |
$4,460 | – |
– |
|
| 2016–18 GLE550e 4matic PHEV | ||||
 |
$4,460 | – |
– |
|
| 2018–19 GLC350e 4matic PHEV | ||||
 |
$4,460 | – |
– |
|
| 2020 GLC350e 4M EQ | ||||
 |
$6,462 | – |
– |
|
| 2020 S560e EQ PHEV | ||||
 |
$6,462 | – |
– |
|
| 2016–18 C350e | ||||
 |
$3,501 | – |
– |
|
| MINI | 1/1/10 to Present | TBD | TBD | |
| 2018–19 MINI Cooper S E Countryman ALL4 | ||||
 |
$4,001 | – |
– |
|
| 2020–22 MINI Cooper S E Countryman ALL4 | ||||
 |
$5,002 | – |
– |
|
| 2020–23 MINI Cooper S E Hardtop | ||||
 |
$7,500 | – |
– |
|
| Mitsubishi | 1/1/10 to Present | TBD | TBD | |
| 2012, 2014, 2016, 2017 i-MiEV | ||||
 |
$7,500 | – |
– |
|
| 2018–20 Outlander Plug-in | ||||
 |
$5,836 | – |
– |
|
| 2021–22 Outlander Plug-in | ||||
 |
$6,587 | – |
– |
|
| Nissan | 1/1/10 to Present | TBD | TBD | |
| 2011–22 Leaf | ||||
 |
$7,500 | – |
– |
|
| Polestar Automotive | 1/1/10 to Present | TBD | TBD | |
| 2020–21 Polestar 1 | ||||
 |
$7,500 | – |
– |
|
| 2021 Polestar 2 | ||||
 |
$7,500 | – |
– |
|
| 2022 Polestar 2 - Long Range (single and dual motor) | ||||
 |
$7,500 | – |
– |
|
| Porsche | 1/1/10 to Present | TBD | TBD | |
| 2015–18 Cayenne S E-Hybrid | ||||
 |
$5,336 | – |
– |
|
| 2019–20 Cayenne E-Hybrid | ||||
 |
$6,712 | – |
– |
|
| 2021–22 Cayenne (E-Hybrid, E-Hybrid Coupe, Turbo S E-Hybrid, Turbo S E-Hybrid Coupe) | ||||
 |
$7,500 | – |
– |
|
| 2020 Cayenne (E-Hybrid Coupe, Turbo S E-Hybrid, Turbo S E-Hybrid Coupe) | ||||
 |
$6,712 | – |
– |
|
| 2014–16 Panamera S E-Hybrid | ||||
 |
$4,752 | – |
– |
|
| 2015 918 Spyder | ||||
 |
$3,667 | – |
– |
|
| 2018 Panamera 4 PHEV (4 E-Hybrid, 4 E-Hybrid Sport Turismo, 4 E-Hybrid Executive, Turbo S E-Hybrid, Turbo S E-Hybrid Executive, Turbo S E-Hybrid Sport Turismo) | ||||
 |
$6,670 | – |
– |
|
| 2019–20 Panamera 4 PHEV (4 E-Hybrid, 4 E-Hybrid Sport Turismo, 4 E-Hybrid Executive, Turbo S E-Hybrid, Turbo S E-Hybrid Executive, Turbo S E-Hybrid Sport Turismo) | ||||
|
$6,712 | – |
– |
|
| 2021 Panamera 4 PHEV (4 E-Hybrid, 4 E-Hybrid Sport Turismo, 4 S E-Hybrid, 4 S E-Hybrid Executive, 4 S E-Hybrid Sport Turismo, 4 E-Hybrid Executive, Turbo S E-Hybrid, Turbo S E-Hybrid Executive, Turbo S E-Hybrid Sport Turismo) | ||||
 |
$7,500 | – |
– |
|
| 2022 Panamera 4 PHEV (4 E-Hybrid, 4 E-Hybrid Executive, 4 E-Hybrid Sport Turismo, 4 S E-Hybrid, 4 S E-Hybrid Executive, 4 S E-Hybrid Sport Turismo, Turbo S E-Hybrid, Turbo S E-Hybrid Executive) | ||||
 |
$7,500 | – |
– |
|
| 2020 Taycan EV (4S, Turbo, Turbo S) | ||||
 |
$7,500 | – |
– |
|
| 2021–22 Taycan EV (Taycan, 4 Cross Turismo, 4 S Cross Turismo, Turbo Cross Turismo, Turbo S Cross Turismo, 4 S, Turbo, Turbo S, GTS, GTS Sport Turismo) | ||||
|
$7,500 | – |
– |
|
| Rivian | 1/1/10 to Present | TBD | TBD | |
| 2022 R1T | ||||
 |
$7,500 | – |
– |
|
| 2022 R1S | ||||
 |
$7,500 | – |
– |
|
| 2022 EDV 700 | ||||
|
$7,500 | – |
– |
|
| smart USA | 1/1/10 to Present | TBD | TBD | |
| 2013–18 fortwo electric vehicle (all) | ||||
 |
$7,500 | – |
– |
|
| 2019 EQ fortwo Coupe | ||||
 |
$7,500 | – |
– |
|
| 2019 EQ fortwo Cabrio | ||||
 |
$7,500 | – |
– |
|
| Subaru | 1/1/10 to Present | TBD | TBD | |
| 2019–22 Crosstrek Hybrid | ||||
 |
$4,502 | – |
– |
|
| 2023 Solterra | ||||
|
$7,500 | – |
– |
|
| Tesla vehicles purchased after 12/31/2019 are not eligible for these tax credits. | ||||
| 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 | ||||
 |
$7,500 | $3,750 |
$1,875 |
|
| 2016–20 Model X | ||||
 |
$7,500 | $3,750 |
$1,875 |
|
| 2020 Model 3 Standard Range | ||||
 |
$7,500 | $3,750 |
$1,875 |
|
| 2019–20 Model 3 Standard Range Plus | ||||
|
$7,500 | $3,750 |
$1,875 |
|
| 2017–20 Model 3 Long Range | ||||
 |
$7,500 | $3,750 |
$1,875 |
|
| 2018–20 Model 3 Long Range AWD and AWD Performance | ||||
|
$7,500 | $3,750 |
$1,875 |
|
| 2018–20 Model 3 Mid Range | ||||
|
$7,500 | $3,750 |
$1,875 |
|
| 2008–11 Roadster | ||||
 |
$7,500 | $3,750 |
$1,875 |
|
| Think | 1/1/10 to Present | TBD | TBD | |
| 2011 Think City EV | ||||
 |
$7,500 | – |
– |
|
| Toyota | 1/1/10 to Present | TBD | TBD | |
| 2012–15 Prius Plug-in Hybrid | ||||
 |
$2,500 | – |
– |
|
| 2017–22 Prius Prime Plug-in Hybrid | ||||
 |
$4,502 | – |
– |
|
| 2012–14 RAV4 EV | ||||
 |
$7,500 | – |
– |
|
| 2021–22 RAV4 Prime Plug-In Hybrid | ||||
 |
$7,500 | – |
– |
|
| VIA Motors | 1/1/10 to Present | TBD | TBD | |
| 2014 2500 Extended Range Electric Passenger Van | ||||
|
$7,500 | – |
– |
|
| 2014 1500 Extended Range Electric Truck 4WD (All body styles) | ||||
|
$7,500 | – |
– |
|
| 2014 2500 Extended Range Electric Cargo Van | ||||
|
$7,500 | – |
– |
|
| 2014 1500 Extended Range Electric Truck 2WD (All body styles) | ||||
|
$7,500 | – |
– |
|
| Volkswagen | 1/1/10 to Present | TBD | TBD | |
| 2021 ID.4 (First Edition, Pro, Pro S, and AWD Pro S) | ||||
 |
$7,500 | – |
– |
|
| 2015–19 e-Golf | ||||
 |
$7,500 | – |
– |
|
| Volvo | 1/1/10 to Present | TBD | TBD | |
| 2022 C40 Recharge Pure Electric | ||||
 |
$7,500 | – |
– |
|
| 2019 S60 | ||||
 |
$5,002 | – |
– |
|
| 2020–22 S60 | ||||
 |
$5,419 | – |
– |
|
| 2022 S60 Extended Range | ||||
 |
$7,500 | – |
– |
|
| 2018–19 S90 | ||||
 |
$5,002 | – |
– |
|
| 2020–22 S90 | ||||
|
$5,419 | – |
– |
|
| 2022 S90 Extended Range | ||||
 |
$7,500 | – |
– |
|
| 2020–22 V60 | ||||
 |
$5,419 | – |
– |
|
| 2022 V60 Extended Range | ||||
 |
$7,500 | – |
– |
|
| 2021–22 XC40 Recharge Pure Electric P8 AWD | ||||
 |
$7,500 | – |
– |
|
| 2018–19 XC60 | ||||
 |
$5,002 | – |
– |
|
| 2020–22 XC60 | ||||
 |
$5,419 | – |
– |
|
| 2022 XC60 Extended Range | ||||
 |
$7,500 | – |
– |
|
| 2016–17 XC90 | ||||
 |
$4,585 | – |
– |
|
| 2018–19 XC90 | ||||
 |
$5,002 | – |
– |
|
| 2020–22 XC90 | ||||
 |
$5,419 | – |
– |
|
| 2022 XC90 Extended Range | ||||
 |
$7,500 | – |
– |
|
| 2018–19 XC90 Excellence | ||||
|
$5,002 | – |
– |
|
| Wheego | 1/1/10 to Present | TBD | TBD | |
| 2011 LiFe | ||||
 |
$7,500 | – |
– |
|
| Zenith Motors | 1/1/10 to Present | TBD | TBD | |
| 2014–2017 Electric Van | ||||
|
$7,500 | – |
– |
|
| 2016–2017 Electric Minibus | ||||
|
$7,500 | – |
– |
|
TBD = To be determined
Updated 5/11/2022
Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D)
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.
Internal Revenue Service (IRS)
- Plug-In Electric Drive Vehicle Credit (IRC 30D)
- Notice 2009-89: New Qualified Plug-in Electric Drive Motor Vehicle Credit
- Notice 2009-54: Qualified Plug-in Electric Vehicle Credit
- Notice 2009-58: Qualified Plug-In Electric Vehicle Credit Under Section 30
- Energy Incentives for Individuals in the American Recovery and Reinvestment Act
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.