Federal Tax Credits for New All-Electric and Plug-in Hybrid Vehicles
The information below applies only to new electric, plug-in hybrid, and fuel cell electric vehicles acquired and placed in service before January 1, 2023. For vehicles placed in service on or after January 1, 2023, the Clean Vehicle Credit provisions will be subject to updated guidance from Treasury/Internal Revenue Service (IRS). See www.irs.gov/cleanvehicles for further details.
Federal Tax Credit Up To $7,500!
All-electric, plug-in hybrid, and fuel cell electric cars purchased new before January 1, 2023, may be eligible for a federal income tax credit of up to $7,500. The availability of the credit and its amount will vary based on several factors, including when the vehicle was acquired and placed in service, the capacity of the battery used to power the vehicle, where the vehicle was manufactured, and whether the sales cap for the vehicle’s manufacturer was previously met.
Important Information About Tax Credits for Vehicles Placed in Service Before January 1, 2023
The availability of the clean vehicle tax credit is based, in part, on the date of vehicle acquisition.
- If you purchased a qualifying electric vehicle on or before August 16, 2022, and placed it in service before January 1, 2023, you may claim the electric vehicle credit indicated in the table below if (a) your vehicle qualifies and (b) the credit has not phased out for the vehicle’s manufacturer. For vehicles sold by manufacturers that have reached their sales cap, the phaseout period and credit amounts are indicated below.
- If you purchased and took possession of a qualifying electric vehicle after August 16, 2022, and before January 1, 2023, you may claim the credit indicated in the table below if final assembly of the vehicle occurred in North America. To determine if final assembly of your vehicle occurred in North America, visit Electric Vehicles with Final Assembly in North America (Vehicles Purchased Between August 17 and December 31, 2022).
Please see Electric Vehicle (EV) and Fuel Cell Electric Vehicle (FCEV) Tax Credit to learn about the qualification criteria for vehicles acquired and placed in service before January 1, 2023. For further details, please see Credits for New Electric Vehicles Purchased in 2022 and Before.
Please note that state and/or local tax incentives may also apply. Also, 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 | ||||
2012 GCE Electric Vehicle | ||||
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$7,500 | – |
– |
|
2012 MLE Electric Vehicle | ||||
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$7,500 | – |
– |
|
Audi | ||||
2022–23 e-tron GT (e-tron GT/RS e-tron GT models) | ||||
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$7,500 | – |
– |
|
2022 Audi e-tron S (standard and Sportback models) | ||||
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$7,500 | – |
– |
|
2022 Audi Q4 50 e-tron quattro (standard and Sportback models) | ||||
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$7,500 | – |
– |
|
2020–22 e-tron Sportback | ||||
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$7,500 | – |
– |
|
2016–18 A3 e-tron | ||||
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$4,502 | – |
– |
|
2019, 2021–22 e-tron SUV | ||||
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$7,500 | – |
– |
|
2016 A3 e-tron ultra | ||||
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$4,502 | – |
– |
|
2021 A7 55 TFSI e Quattro | ||||
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$6,712 | – |
– |
|
2022 A7 TFSI e Quattro | ||||
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$7,500 | – |
– |
|
2020 A8L PHEV | ||||
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$6,712 | – |
– |
|
2021 A8 L 60 TFSI e Quattro | ||||
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$6,712 | – |
– |
|
2020 Q5 PHEV | ||||
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$6,712 | – |
– |
|
2021 Q5 55 TFSI e Quattro | ||||
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$6,712 | – |
– |
|
2022–23 Q5 TFSI e Quattro | ||||
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$7,500 | – |
– |
|
Bentley | ||||
2020–21 Bentayga Hybrid | ||||
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$7,500 | – |
– |
|
2022 Flying Spur Hybrid | ||||
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$7,500 | – |
– |
|
BMW | ||||
2014–21 i3 Sedan | ||||
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$7,500 | – |
– |
|
2014–21 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 | – |
– |
|
2018–21 i3s | ||||
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$7,500 | – |
– |
|
2018–21 i3s w/ Range Extender | ||||
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$7,500 | – |
– |
|
2022–23 i4 eDrive40 Gran Coupe | ||||
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$7,500 | – |
– |
|
2022–23 i4 M50 Gran Coupe | ||||
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$7,500 | – |
– |
|
2023 i7 xDrive60 | ||||
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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 | – |
– |
|
2023 iX M60 | ||||
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$7,500 | – |
– |
|
2022–23 iX xDrive50 | ||||
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$7,500 | – |
– |
|
2020–21 X3 xDrive30e | ||||
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$5,836 | – |
– |
|
2016–18 X5 xDrive40e | ||||
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$4,668 | – |
– |
|
2021–23 X5 xDrive45e | ||||
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$7,500 | – |
– |
|
2016–18 330e | ||||
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$4,001 | – |
– |
|
2021–23 330e | ||||
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$5,836 | – |
– |
|
2021–23 330e xDrive | ||||
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$5,836 | – |
– |
|
2018–19 530e | ||||
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$4,668 | – |
– |
|
2020–23 530e | ||||
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$5,836 | – |
– |
|
2018–19 530e xDrive | ||||
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$4,668 | – |
– |
|
2020–23 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 | – |
– |
|
2020–22 745e xDrive | ||||
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$5,836 | – |
– |
|
BYD Motors | ||||
2012–17 e6 Electric Vehicle | ||||
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$7,500 | – |
– |
|
Cadillac vehicles acquired 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 | ||||
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$7,500 | $3,750 | $1,875 | |
2017–18 CT6 Plug-in | ||||
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$7,500 | $3,750 | $1,875 | |
Canoo | ||||
2023 Lifestyle Deliver Vehicle | ||||
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$7,500 | – |
– |
|
2023 Lifestyle Vehicle Base | ||||
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$7,500 | – |
– |
|
2023 Lifestyle Vehicle Adventure | ||||
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$7,500 | – |
– |
|
2023 Lifestyle Vehicle Premium | ||||
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$7,500 | – |
– |
|
Chevrolet vehicles acquired 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 | ||||
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$7,500 | $3,750 | $1,875 | |
2011–19 Volt | ||||
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$7,500 | $3,750 | $1,875 | |
2014–16 Spark EV | ||||
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$7,500 | $3,750 | $1,875 | |
Chrysler | ||||
2017–22 Pacifica Plug-in Hybrid | ||||
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$7,500 | – |
– |
|
CODA Automotive | ||||
2010, 2012 CODA Sedan | ||||
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$7,500 | – |
– |
|
Electric Last Mile Solutions (ELMS) | ||||
2022 ELMS Urban Delivery | ||||
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$7,500 | – |
– |
|
Electric Mobile Cars | ||||
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 | ||||
2022 296 GTB | ||||
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$3,334 | – |
– |
|
2020–21 SF90 Stradale | ||||
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$3,501 | – |
– |
|
Fiat | ||||
2013–19 500e | ||||
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$7,500 | – |
– |
|
Fisker | ||||
2012 Karma Sedan | ||||
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$7,500 | – |
– |
|
Ford | ||||
2012–18 Focus EV | ||||
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$7,500 | – |
– |
|
2013–17 C-Max Energi | ||||
![]() |
$4,007 | – |
– |
|
2013–18 Fusion Energi | ||||
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$4,007 | – |
– |
|
2019–20 Fusion Energi | ||||
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$4,609 | – |
– |
|
2020–22 Escape Plug-in Hybrid | ||||
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$6,843 | – |
– |
|
2021 Mustang Mach-E First Edition Premium AWD | ||||
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$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 | ||||
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$7,500 | – |
– |
|
2022 F-150 Lightning (Standard Range, Extended Range) | ||||
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$7,500 | – |
– |
|
Ford/Azure Dynamics | ||||
2011–12 Transit Connect EV | ||||
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$7,500 | – |
– |
|
Genesis | ||||
2023 GV60 | ||||
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$7,500 | – |
– |
|
2022 G80 | ||||
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$7,500 | – |
– |
|
Honda | ||||
2014 Accord Plug-in Hybrid | ||||
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$3,626 | – |
– |
|
2018–21 Clarity Plug-in Hybrid | ||||
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$7,500 | – |
– |
|
Hyundai | ||||
2017–21 Ioniq Electric | ||||
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$7,500 | – |
– |
|
2022 Ioniq 5 – 58 kWh | ||||
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$7,500 | – |
– |
|
2022 Ioniq 5 | ||||
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$7,500 | – |
– |
|
2023 Ioniq 5 – 77.4 kWh | ||||
![]() |
$7,500 | – |
– |
|
2018–22 Ioniq Plug-in Hybrid Electric Vehicle | ||||
![]() |
$4,543 | – |
– |
|
2019–23 Kona Electric Vehicle | ||||
![]() |
$7,500 | – |
– |
|
2016–19 Sonata Plug-in Hybrid | ||||
![]() |
$4,919 | – |
– |
|
2022–23 Tucson Plug-in Hybrid | ||||
![]() |
$6,587 | – |
– |
|
2022–23 Santa Fe Plug-in Hybrid | ||||
![]() |
$6,587 | – |
– |
|
Jaguar | ||||
2019 I-Pace (First Edition, HSE, SE, S models) | ||||
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$7,500 | – |
– |
|
2020–21 I-Pace (HSE, SE, S models) | ||||
![]() |
$7,500 | – |
– |
|
2022–23 I-Pace (HSE) | ||||
![]() |
$7,500 | – |
– |
|
Jeep | ||||
2021–23 Wrangler PHEV | ||||
![]() |
$7,500 | – |
– |
|
2022–23 Jeep Grand Cherokee PHEV | ||||
![]() |
$7,500 | – |
– |
|
Kandi | ||||
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 | ||||
2021‐22 GS-6 | ||||
![]() |
$7,500 | – |
– |
|
2018–22 Karma Revero | ||||
![]() |
$7,500 | – |
– |
|
Kia | ||||
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 | – |
– |
|
2022–23 Sorento Plug-in Hybrid | ||||
![]() |
$6,587 | – |
– |
|
2023 Sportage PHEV | ||||
![]() |
$6,586.60 | – |
– |
|
Land Rover | ||||
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 | – |
– |
|
The eligibility and credit amounts for Lexus models acquired after 12/31/22 will be determined by IRS in upcoming guidance. | ||||
Lexus | 1/1/10 to 9/30/22 | 10/1/22 to 12/31/22 | After 12/31/22 | |
2022 NX Plug-In Hybrid | ||||
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$7,500 | $3,750 | TBD |
|
Lincoln | ||||
2020–23 Aviator Grand Touring | ||||
![]() |
$6,534 | – |
– |
|
2021–22 Corsair Reserve Grand Touring (PHEV) | ||||
![]() |
$6,843 | – |
– |
|
2022 Corsair Grand Touring (PHEV) | ||||
![]() |
$6,843 | – |
– |
|
Lucid | ||||
2022 Air Dream Edition | ||||
![]() |
$7,500 | – |
– |
|
2022 Air Grand Touring | ||||
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$7,500 | – |
– |
|
Mazda | ||||
2022 MX-30 | ||||
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$7,500 | – |
– |
|
McLaren | ||||
2022– Artura Plug-in Hybrid | ||||
![]() |
$4,585 | – |
– |
|
Mercedes-Benz | ||||
2022 EQB350 4Matic | ||||
![]() |
$7,500 | – |
– |
|
2022 EQB300 4Matic | ||||
![]() |
$7,500 | – |
– |
|
2022 AMG EQS Sedan | ||||
![]() |
$7,500 | – |
– |
|
2022 EQS 450+ | ||||
![]() |
$7,500 | – |
– |
|
2023 EQS 450+ SUV | ||||
![]() |
$7,500 | – |
– |
|
2022 EQS 450 4Matic | ||||
![]() |
$7,500 | – |
– |
|
2023 EQS 450 4Matic SUV | ||||
![]() |
$7,500 | – |
– |
|
2022 EQS 580 4Matic | ||||
![]() |
$7,500 | – |
– |
|
2023 EQS 580 4Matic SUV | ||||
![]() |
$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 | ||||
2018–19 MINI Cooper S E Countryman ALL4 | ||||
![]() |
$4,001 | – |
– |
|
2020–23 MINI Cooper S E Countryman ALL4 | ||||
![]() |
$5,002 | – |
– |
|
2020–23 MINI Cooper S E Hardtop | ||||
![]() |
$7,500 | – |
– |
|
Mitsubishi | ||||
2012, 2014, 2016, 2017 i-MiEV | ||||
![]() |
$7,500 | – |
– |
|
2018–20 Outlander Plug-in | ||||
![]() |
$5,836 | – |
– |
|
2021–22 Outlander Plug-in | ||||
![]() |
$6,587 | – |
– |
|
2023 Outlander Plug-in | ||||
![]() |
$7,500 | – |
– |
|
Nissan | ||||
2011–22 Leaf | ||||
![]() |
$7,500 | – |
– |
|
2023 LEAF S | ||||
![]() |
$7,500 | – |
– |
|
2023 LEAF SV Plus | ||||
![]() |
$7,500 | – |
– |
|
2023 ARIYA ENGAGE FWD | ||||
![]() |
$7,500 | – |
– |
|
2023 ARIYA EMPOWER+ FWD | ||||
![]() |
$7,500 | – |
– |
|
2023 ARIYA VENTURE+ FWD | ||||
![]() |
$7,500 | – |
– |
|
2023 ARIYA EVOLVE+ FWD | ||||
![]() |
$7,500 | – |
– |
|
2023 ARIYA PREMIERE FWD | ||||
![]() |
$7,500 | – |
– |
|
Polestar Automotive | ||||
2020–21 Polestar 1 | ||||
![]() |
$7,500 | – |
– |
|
2021 Polestar 2 | ||||
![]() |
$7,500 | – |
– |
|
2022–23 Polestar 2 - Long Range (single and dual motor) | ||||
![]() |
$7,500 | – |
– |
|
Porsche | ||||
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 | – |
– |
|
2022 Panamera Turbo S E-Hybrid Sport Turismo | ||||
![]() |
$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 | ||||
2022 R1T | ||||
![]() |
$7,500 | – |
– |
|
2022 R1S | ||||
![]() |
$7,500 | – |
– |
|
2022 EDV 700 | ||||
![]() |
$7,500 | – |
– |
|
smart USA | ||||
2013–18 fortwo electric vehicle (all) | ||||
![]() |
$7,500 | – |
– |
|
2019 EQ fortwo Coupe | ||||
![]() |
$7,500 | – |
– |
|
2019 EQ fortwo Cabrio | ||||
![]() |
$7,500 | – |
– |
|
Subaru | ||||
2019–23 Crosstrek Hybrid | ||||
![]() |
$4,502 | – |
– |
|
2023 Solterra | ||||
![]() |
$7,500 | – |
– |
|
Tesla vehicles acquired 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 | ||||
2011 Think City EV | ||||
![]() |
$7,500 | – |
– |
|
The eligibility and credit amounts for Toyota models acquired after 12/31/22 will be determined by IRS in upcoming guidance. | ||||
Toyota | 1/1/10 to 9/30/22 | 10/1/22 to 12/31/22 | After 12/31/22 | |
2023 bZ4X Plug-in Electric | ||||
![]() |
$7,500 | $3,750 | TBD |
|
2012–15 Prius Plug-in Hybrid | ||||
![]() |
$2,500 | $1,250 | TBD |
|
2017–22 Prius Prime Plug-in Hybrid | ||||
![]() |
$4,502 | $2,251 | TBD |
|
2012–14 RAV4 EV | ||||
![]() |
$7,500 | $3,750 | TBD |
|
2021–22 RAV4 Prime Plug-In Hybrid | ||||
![]() |
$7,500 | $3,750 | TBD |
|
VIA Motors | ||||
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 | ||||
2021 ID.4 (First Edition, Pro, Pro S, AWD Pro, AWD Pro S) | ||||
![]() |
$7,500 | – |
– |
|
2022–23 ID.4 (Pro, Pro S, AWD) | ||||
![]() |
$7,500 | – |
– |
|
2022 ID.4 (Pro, Pro S, RWD) | ||||
![]() |
$7,500 | – |
– |
|
2023 ID.4 (RWD and S RWD) | ||||
![]() |
$7,500 | – |
– |
|
2015–19 e-Golf | ||||
![]() |
$7,500 | – |
– |
|
Volvo | ||||
2023 C40 Recharge Twin (AWD BEV) | ||||
![]() |
$7,500 | – |
– |
|
2022 C40 Recharge Pure Electric | ||||
![]() |
$7,500 | – |
– |
|
2019 S60 | ||||
![]() |
$5,002 | – |
– |
|
2020–22 S60 | ||||
![]() |
$5,419 | – |
– |
|
2023 S60 T8 Recharge (Extended Range) | ||||
![]() |
$7,500 | – |
– |
|
2022 S60 Extended Range | ||||
![]() |
$7,500 | – |
– |
|
2018–19 S90 | ||||
![]() |
$5,002 | – |
– |
|
2020–22 S90 | ||||
![]() |
$5,419 | – |
– |
|
2022 S90 Extended Range | ||||
![]() |
$7,500 | – |
– |
|
2023 S90 T8 Recharge (Extended Range) | ||||
![]() |
$7,500 | – |
– |
|
2020–22 V60 | ||||
![]() |
$5,419 | – |
– |
|
2022–23 V60 Extended Range | ||||
![]() |
$7,500 | – |
– |
|
2023 XC40 Recharge Twin (AWD BEV) | ||||
![]() |
$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 | – |
– |
|
2023 XC60 T8 Recharge (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 | – |
– |
|
2023 XC90 T8 Recharge (Extended Range) | ||||
![]() |
$7,500 | – |
– |
|
Wheego | ||||
2011 LiFe | ||||
![]() |
$7,500 | – |
– |
|
Zenith Motors | ||||
2014–2017 Electric Van | ||||
![]() |
$7,500 | – |
– |
|
2016–2017 Electric Minibus | ||||
![]() |
$7,500 | – |
– |
TBD = To be determined
Updated or reviewed 1/30/2023
Source: Manufacturers and Models for New Qualified Clean Vehicles Purchased in 2022 and Before
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.
- Credits for New Electric Vehicles Purchased in 2022 and Before
- Electric Vehicles with Final Assembly in North America
- 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.