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.

Important Information About Tax Credits:

Congress recently passed new legislation—the Inflation Reduction Act of 2022—which changes credit amounts and requirements for clean energy vehicles.

Preliminary guidance from the Internal Revenue Service addresses some important issues regarding vehicles purchased in 2022:

If you entered into a written binding contract to purchase a new qualifying electric vehicle before August 16, 2022, but do not take possession of the vehicle until on or after August 16, 2022, (for example, because the vehicle has not been delivered), you may claim the EV credit based on the rules that were in effect before August 16, 2022.
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 EV credit based on the rules that were in effect before August 16, 2022.
If you purchase and take possession of a qualifying electric vehicle after August 16, 2022 and before January 1, 2023, final assembly of the vehicle had to be completed in North America, otherwise the same rules in effect prior to the enactment of the Inflation Reduction Act apply (including those involving the manufacturing caps on vehicles sold). The Department of Energy has provided a list of Model Year 2022 and early Model Year 2023 electric vehicles that may meet the final assembly requirement. Because some models are built in multiple locations, there may be vehicles on the list that do not meet the final assembly requirement in all circumstances. To identify the manufacture location for a specific vehicle, please search the vehicle identification number (VIN) of the vehicle on the VIN Decoder website for the National Highway Traffic Safety Administration (NHTSA). The website, including instructions, can be found at VIN Decoder.

We will provide more information when IRS releases additional guidance on the credits.

Filter table by…

Vehicle Type

All-Electric

Plug-in Hybrids

All

Manufacturer

Vehicle Make & Model	Vehicle Type	Full Credit	Phase Out
Vehicle Make & Model	Vehicle Type	Full Credit	50%	25%
AMP Electric Vehicles
2012 GCE Electric Vehicle
2012 GCE Electric Vehicle		$7,500	–	–
2012 MLE Electric Vehicle
2012 MLE Electric Vehicle		$7,500	–	–
Audi
2022–23 e-tron GT (e-tron GT/RS e-tron GT models)
2022–23 e-tron GT (e-tron GT/RS e-tron GT models)		$7,500	–	–
2022 Audi e-tron S (standard and Sportback models)
2022 Audi e-tron S (standard and Sportback models)		$7,500	–	–
2022 Audi Q4 50 e-tron quattro (standard and Sportback models)
2022 Audi Q4 50 e-tron quattro (standard and Sportback models)		$7,500	–	–
2020–22 e-tron Sportback
2020–22 e-tron Sportback		$7,500	–	–
2016–18 A3 e-tron
2016–18 A3 e-tron		$4,502	–	–
2019, 2021–22 e-tron SUV
2019, 2021–22 e-tron SUV		$7,500	–	–
2016 A3 e-tron ultra
2016 A3 e-tron ultra		$4,502	–	–
2021 A7 55 TFSI e Quattro
2021 A7 55 TFSI e Quattro		$6,712	–	–
2022 A7 TFSI e Quattro
2022 A7 TFSI e Quattro		$7,500	–	–
2020 A8L PHEV
2020 A8L PHEV		$6,712	–	–
2021 A8 L 60 TFSI e Quattro
2021 A8 L 60 TFSI e Quattro		$6,712	–	–
2020 Q5 PHEV
2020 Q5 PHEV		$6,712	–	–
2021 Q5 55 TFSI e Quattro
2021 Q5 55 TFSI e Quattro		$6,712	–	–
2022–23 Q5 TFSI e Quattro
2022–23 Q5 TFSI e Quattro		$7,500	–	–
Bentley
2020–21 Bentayga Hybrid
2020–21 Bentayga Hybrid		$7,500	–	–
2022 Flying Spur Hybrid
2022 Flying Spur Hybrid		$7,500	–	–
BMW
2014–21 i3 Sedan
2014–21 i3 Sedan		$7,500	–	–
2014–21 i3 Sedan w/ Range Extender
2014–21 i3 Sedan w/ Range Extender		$7,500	–	–
2017 i3 Sedan (w/ 60 amp-hr battery)
2017 i3 Sedan (w/ 60 amp-hr battery)		$7,500	–	–
2018–21 i3s
2018–21 i3s		$7,500	–	–
2018–21 i3s w/ Range Extender
2018–21 i3s w/ Range Extender		$7,500	–	–
2022–23 i4 eDrive40 Gran Coupe
2022–23 i4 eDrive40 Gran Coupe		$7,500	–	–
2022–23 i4 M50 Gran Coupe
2022–23 i4 M50 Gran Coupe		$7,500	–	–
2023 i7 xDrive60
2023 i7 xDrive60		$7,500	–	–
2014–17 i8
2014–17 i8		$3,793	–	–
2019–20 i8 Coupe
2019–20 i8 Coupe		$5,669	–	–
2019–20 i8 Roadster
2019–20 i8 Roadster		$5,669	–	–
2023 iX M60
2023 iX M60		$7,500	–	–
2022–23 iX xDrive50
2022–23 iX xDrive50		$7,500	–	–
2020–21 X3 xDrive30e
2020–21 X3 xDrive30e		$5,836	–	–
2016–18 X5 xDrive40e
2016–18 X5 xDrive40e		$4,668	–	–
2021–23 X5 xDrive45e
2021–23 X5 xDrive45e		$7,500	–	–
2016–18 330e
2016–18 330e		$4,001	–	–
2021–23 330e
2021–23 330e		$5,836	–	–
2021–23 330e xDrive
2021–23 330e xDrive		$5,836	–	–
2018–19 530e
2018–19 530e		$4,668	–	–
2020–23 530e
2020–23 530e		$5,836	–	–
2018–19 530e xDrive
2018–19 530e xDrive		$4,668	–	–
2020–23 530e xDrive
2020–23 530e xDrive		$5,836	–	–
2017 740e
2017 740e		$4,668	–	–
2018–19 740e xDrive
2018–19 740e xDrive		$4,668	–	–
2020–22 745e xDrive
2020–22 745e xDrive		$5,836	–	–
BYD Motors
2012–17 e6 Electric Vehicle
2012–17 e6 Electric Vehicle		$7,500	–	–
General Motors 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
2014, 2016 ELR		$7,500	$3,750	$1,875
2017–18 CT6 Plug-in
2017–18 CT6 Plug-in		$7,500	$3,750	$1,875
Canoo
2023 Lifestyle Deliver Vehicle
2023 Lifestyle Deliver Vehicle		$7,500	–	–
2023 Lifestyle Vehicle Base
2023 Lifestyle Vehicle Base		$7,500	–	–
2023 Lifestyle Vehicle Adventure
2023 Lifestyle Vehicle Adventure		$7,500	–	–
2023 Lifestyle Vehicle Premium
2023 Lifestyle Vehicle Premium		$7,500	–	–
General Motors 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
2017–20 Bolt EV		$7,500	$3,750	$1,875
2011–19 Volt
2011–19 Volt		$7,500	$3,750	$1,875
2014–16 Spark EV
2014–16 Spark EV		$7,500	$3,750	$1,875
Chrysler
2017–22 Pacifica Plug-in Hybrid
2017–22 Pacifica Plug-in Hybrid		$7,500	–	–
CODA Automotive
2010, 2012 CODA Sedan
2010, 2012 CODA Sedan		$7,500	–	–
Electric Last Mile Solutions (ELMS)
2022 ELMS Urban Delivery
2022 ELMS Urban Delivery		$7,500	–	–
Electric Mobile Cars
2010 E36 7 Passenger Wagon
2010 E36 7 Passenger Wagon		$7,500	–	–
2010 E36t Pick-up Truck
2010 E36t Pick-up Truck		$7,500	–	–
2010 E36v Utility Van
2010 E36v Utility Van		$7,500	–	–
Ferrari
2022 296 GTB
2022 296 GTB		$3,334	–	–
2020–21 SF90 Stradale
2020–21 SF90 Stradale		$3,501	–	–
Fiat
2013–19 500e
2013–19 500e		$7,500	–	–
Fisker
2012 Karma Sedan
2012 Karma Sedan		$7,500	–	–
Ford
2012–18 Focus EV
2012–18 Focus EV		$7,500	–	–
2013–17 C-Max Energi
2013–17 C-Max Energi		$4,007	–	–
2013–18 Fusion Energi
2013–18 Fusion Energi		$4,007	–	–
2019–20 Fusion Energi
2019–20 Fusion Energi		$4,609	–	–
2020–22 Escape Plug-in Hybrid
2020–22 Escape Plug-in Hybrid		$6,843	–	–
2021 Mustang Mach-E First Edition Premium AWD
2021 Mustang Mach-E First Edition Premium AWD		$7,500	–	–
2021–22 Mustang Mach-E California Route 1 (AWD, RWD models)
2021 Mustang Mach-E California Route 1 (AWD, RWD models)		$7,500	–	–
2021–22 Mustang Mach-E Premium (AWD, RWD models)
2021–22 Mustang Mach-E Premium (AWD, RWD models)		$7,500	–	–
2021–22 Mustang Mach-E Select (AWD, RWD models)
2021–22 Mustang Mach-E Select (AWD, RWD models)		$7,500	–	–
2021–22 Mustang Mach-E GT
2021–22 Mustang Mach-E GT		$7,500	–	–
2022–23 E-Transit
2022–23 E-Transit		$7,500	–	–
2022 F-150 Lightning (Standard Range, Extended Range)
2022 F-150 Lightning (Standard Range, Extended Range)		$7,500	–	–
Ford/Azure Dynamics
2011–12 Transit Connect EV
2011–12 Transit Connect EV		$7,500	–	–
Genesis
2023 GV60
2023 GV60		$7,500	–	–
2022 G80
2022 G80		$7,500	–	–
Honda
2014 Accord Plug-in Hybrid
2014 Accord Plug-in Hybrid		$3,626	–	–
2018–21 Clarity Plug-in Hybrid
2018–21 Clarity Plug-in Hybrid		$7,500	–	–
Hyundai
2017–21 Ioniq Electric
2017–21 Ioniq Electric		$7,500	–	–
2022 Ioniq 5 – 58 kWh
2022 Ioniq 5 – 58 kWh		$7,500	–	–
2022 Ioniq 5
2022 Ioniq 5		$7,500	–	–
2023 Ioniq 5 – 77.4 kWh
2023 Ioniq 5 – 77.4 kWh		$7,500	–	–
2018–22 Ioniq Plug-in Hybrid Electric Vehicle
2018–22 Ioniq Plug-in Hybrid Electric Vehicle		$4,543	–	–
2019–23 Kona Electric Vehicle
2019–23 Kona Electric Vehicle		$7,500	–	–
2016–19 Sonata Plug-in Hybrid
2016–19 Sonata Plug-in Hybrid Electric Vehicle		$4,919	–	–
2022–23 Tucson Plug-in Hybrid
2022–23 Tucson Plug-in Hybrid		$6,587	–	–
2022–23 Santa Fe Plug-in Hybrid
2022–23 Santa Fe Plug-in Hybrid		$6,587	–	–
Jaguar
2019 I-Pace (First Edition, HSE, SE, S models)
2019 I-Pace (First Edition, HSE, SE, S models)		$7,500	–	–
2020–21 I-Pace (HSE, SE, S models)
2020–21 I-Pace (HSE, SE, S models)		$7,500	–	–
2022–23 I-Pace (HSE)
2022–23 I-Pace (HSE)		$7,500	–	–
Jeep
2021–23 Wrangler PHEV
2021–23 Wrangler PHEV		$7,500	–	–
2022–23 Jeep Grand Cherokee PHEV
2022–23 Jeep Grand Cherokee PHEV		$7,500	–	–
Kandi
2019–21 Kandi EX3
2019–21 Kandi EX3		$7,500	–	–
2019–20 Kandi K22
2019–20 Kandi K22		$7,500	–	–
2020–22 Kandi K23
2020–22 Kandi K23		$7,500	–	–
2020–22 Kandi K27
2020–22 Kandi K27		$7,500	–	–
Karma
2021‐22 GS-6
2021‐22 GS-6		$7,500	–	–
2018–22 Karma Revero
2018–22 Karma Revero		$7,500	–	–
Kia
2015–20 Soul Electric
2015–20 Soul Electric		$7,500	–	–
2017–20 Optima Plug-in Hybrid
2017–20 Optima Plug-in Hybrid		$4,919	–	–
2018–22 Niro Plug-in Hybrid
2018–22 Niro Plug-in Hybrid		$4,543	–	–
2019–22 Niro EV
2019–22 Niro EV		$7,500	–	–
2022 EV6 (58 kWh, 77.4 kWh)
2022 EV6 (58 kWh, 77.4 kWh)		$7,500	–	–
2022 Sorento Plug-in Hybrid
2022 Sorento Plug-in Hybrid		$6,587	–	–
2023 Sportage PHEV
2023 Sportage PHEV		$6,586.60	–	–
Land Rover
2019 Range Rover PHEV (HSE)
2019 Range Rover PHEV (HSE)		$7,087	–	–
2020–21 Range Rover PHEV
2020–21 Range Rover PHEV		$6,295	–	–
2022 Range Rover PHEV (HSE, Autobiography models)
2022 Range Rover PHEV (HSE, Autobiography models)		$6,295	–	–
2019 Range Rover Sport PHEV (HSE)
2019 Range Rover Sport PHEV (HSE)		$7,087	–	–
2022 Range Rover Sport PHEV (HSE)
2022 Range Rover Sport PHEV (HSE)		$6,295	–	–
2020–22 Range Rover Sport PHEV
2020–22 Range Rover Sport PHEV		$6,295	–	–
2023 Land Rover Range Rover SE PHEV
2023 Land Rover Range Rover SE PHEV		$7,500	–	–
2023 Land Rover Range Rover Sport Autobiography PHEV
2023 Land Rover Range Rover Sport Autobiography PHEV		$7,500	–	–
Lexus vehicles acquired after 9/30/2023 are not eligible for these tax credits.
Lexus		1/1/10 to 9/30/22	10/1/22 to 3/31/23	4/1/23 to 9/30/23
2022 NX Plug-In Hybrid
2022 NX Plug-In Hybrid		$7,500	$3,750	$1,875
Lincoln
2020–23 Aviator Grand Touring
2020–23 Aviator Grand Touring		$6,534	–	–
2021–22 Corsair Reserve Grand Touring (PHEV)
2021–22 Corsair Reserve Grand Touring (PHEV)		$6,843	–	–
2022 Corsair Grand Touring (PHEV)
2022 Corsair Grand Touring (PHEV)		$6,843	–	–
Lucid
2022 Air Dream Edition
2022 Air Dream Edition		$7,500	–	–
2022 Air Grand Touring
2022 Air Grand Touring		$7,500	–	–
Mazda
2022 MX-30
2022 MX-30		$7,500	–	–
McLaren
2022– Artura Plug-in Hybrid
2022–23 Artura Plug-in Hybrid		$4,585	–	–
Mercedes-Benz
2022 EQB350 4Matic
2022 EQB350 4Matic		$7,500	–	–
2022 EQB300 4Matic
2022 EQB300 4Matic		$7,500	–	–
2022 AMG EQS Sedan
2022 AMG EQS Sedan		$7,500	–	–
2022 EQS 450+
2022 EQS 450+		$7,500	–	–
2023 EQS 450+ SUV
2023 EQS 450+ SUV		$7,500	–	–
2022 EQS 450 4Matic
2022 EQS 450 4Matic		$7,500	–	–
2023 EQS 450 4Matic SUV
2023 EQS 450 4Matic SUV		$7,500	–	–
2022 EQS 580 4Matic
2022 EQS 580 4Matic		$7,500	–	–
2023 EQS 580 4Matic SUV
2023 EQS 580 4Matic SUV		$7,500	–	–
2014–17 B-Class EV
2014–17 B-Class EV		$7,500	–	–
2015–17 S550e PHEV
2015–17 S550e Plug-in Hybrid		$4,460	–	–
2016–18 GLE550e 4matic PHEV
2016–18 GLE550e 4matic		$4,460	–	–
2018–19 GLC350e 4matic PHEV
2018–19 GLC350e 4matic		$4,460	–	–
2020 GLC350e 4M EQ
2020 GLC350e 4M EQ		$6,462	–	–
2020 S560e EQ PHEV
2020 S560e EQ PHEV		$6,462	–	–
2016–18 C350e
2016–18 C350e		$3,501	–	–
MINI
2018–19 MINI Cooper S E Countryman ALL4
2018–19 MINI Cooper S E Countryman ALL4		$4,001	–	–
2020–23 MINI Cooper S E Countryman ALL4
2020–23 MINI Cooper S E Countryman ALL4		$5,002	–	–
2020–23 MINI Cooper S E Hardtop
2020–23 MINI Cooper S E Hardtop		$7,500	–	–
Mitsubishi
2012, 2014, 2016, 2017 i-MiEV
2012, 2014, 2016, 2017 i-MiEV		$7,500	–	–
2018–20 Outlander Plug-in
2018–20 Outlander Plug-in		$5,836	–	–
2021–22 Outlander Plug-in
2021–22 Outlander Plug-in		$6,587	–	–
2023 Outlander Plug-in
2023 Outlander Plug-in		$7,500	–	–
Nissan
2011–22 Leaf
2011–22 Leaf		$7,500	–	–
2023 LEAF S
2023 LEAF S		$7,500	–	–
2023 LEAF SV Plus
2023 LEAF SV Plus		$7,500	–	–
2023 ARIYA ENGAGE FWD
2023 ARIYA ENGAGE FWD		$7,500	–	–
2023 ARIYA EMPOWER+ FWD
2023 ARIYA EMPOWER+ FWD		$7,500	–	–
2023 ARIYA VENTURE+ FWD
2023 ARIYA VENTURE+ FWD		$7,500	–	–
2023 ARIYA EVOLVE+ FWD
2023 ARIYA EVOLVE+ FWD		$7,500	–	–
2023 ARIYA PREMIERE FWD
2023 ARIYA PREMIERE FWD		$7,500	–	–
Polestar Automotive
2020–21 Polestar 1
2020–21 Polestar 1		$7,500	–	–
2021 Polestar 2
2021 Polestar 2		$7,500	–	–
2022–23 Polestar 2 - Long Range (single and dual motor)
2022–23 Polestar 2 - Long Range (single and dual motor)		$7,500	–	–
Porsche
2015–18 Cayenne S E-Hybrid
2015–18 Cayenne S E-Hybrid		$5,336	–	–
2019–20 Cayenne E-Hybrid
2019–20 Cayenne E-Hybrid		$6,712	–	–
2021–22 Cayenne (E-Hybrid, E-Hybrid Coupe, Turbo S E-Hybrid, Turbo S E-Hybrid Coupe)
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)
2020 Cayenne (E-Hybrid Coupe, Turbo S E-Hybrid, Turbo S E-Hybrid Coupe)		$6,712	–	–
2014–16 Panamera S E-Hybrid
2014–16 Panamera S E-Hybrid		$4,752	–	–
2015 918 Spyder
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)
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)
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)
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)
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
2022 Panamera Turbo S E-Hybrid Sport Turismo		$7,500	–	–
2020 Taycan EV (4S, Turbo, Turbo S)
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)
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
2022 R1T		$7,500	–	–
2022 R1S
2022 R1S		$7,500	–	–
2022 EDV 700
2022 EDV 700		$7,500	–	–
smart USA
2013–18 fortwo electric vehicle (all)
2013–18 fortwo electric vehicle (coupe/cabriolet)		$7,500	–	–
2019 EQ fortwo Coupe
2019 EQ fortwo Coupe		$7,500	–	–
2019 EQ fortwo Cabrio
2019 EQ fortwo Cabrio		$7,500	–	–
Subaru
2019–22 Crosstrek Hybrid
2019–22 Crosstrek Hybrid		$4,502	–	–
2023 Solterra
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
2012–20 Model S		$7,500	$3,750	$1,875
2016–20 Model X
2016–20 Model X		$7,500	$3,750	$1,875
2020 Model 3 Standard Range
2020 Model 3 Standard Range		$7,500	$3,750	$1,875
2019–20 Model 3 Standard Range Plus
2019–20 Model 3 Standard Range Plus		$7,500	$3,750	$1,875
2017–20 Model 3 Long Range
2017–20 Model 3 Long Range		$7,500	$3,750	$1,875
2018–20 Model 3 Long Range AWD and AWD Performance
2018–20 Model 3 Long Range AWD and AWD Performance		$7,500	$3,750	$1,875
2018–20 Model 3 Mid Range
2018–20 Model 3 Mid Range		$7,500	$3,750	$1,875
2008–11 Roadster
2008–11 Roadster		$7,500	$3,750	$1,875
Think
2011 Think City EV
2011 Think City EV		$7,500	–	–
Toyota vehicles acquired after 9/30/2023 are not eligible for these tax credits.
Toyota		1/1/10 to 9/30/22	10/1/22 to 3/31/23	4/1/23 to 9/30/23
2023 bZ4X Plug-in Electric
2023 bZ4X Plug-in Electric		$7,500	$3,750	$1,875
2012–15 Prius Plug-in Hybrid
2012–15 Prius Plug-in Hybrid		$2,500	$1,250	$625
2017–22 Prius Prime Plug-in Hybrid
2017–22 Prius Prime Plug-in Hybrid		$4,502	$2,251	$1,126
2012–14 RAV4 EV
2012–14 RAV4 EV		$7,500	$3,750	$1,875
2021–22 RAV4 Prime Plug-In Hybrid
2021–22 RAV4 Prime Plug-In Hybrid		$7,500	$3,750	$1,875
VIA Motors
2014 2500 Extended Range Electric Passenger Van
2014 2500 Extended Range Electric Passenger Van		$7,500	–	–
2014 1500 Extended Range Electric Truck 4WD (All body styles)
2014 1500 Extended Range Electric Truck 4WD (All body styles)		$7,500	–	–
2014 2500 Extended Range Electric Cargo Van
2014 2500 Extended Range Electric Cargo Van		$7,500	–	–
2014 1500 Extended Range Electric Truck 2WD (All body styles)
2014 1500 Extended Range Electric Truck 2WD (All body styles)		$7,500	–	–
Volkswagen
2021–22 ID.4 (First Edition, Pro, Pro S, and AWD Pro S)
2021–22 ID.4 (First Edition, Pro, Pro S, and AWD Pro S)		$7,500	–	–
2015–19 e-Golf
2015–19 e-Golf		$7,500	–	–
Volvo
2023 C40 Recharge Twin (AWD BEV)
2023 C40 Recharge Twin (AWD BEV)		$7,500	–	–
2022 C40 Recharge Pure Electric
2022 C40 Recharge Pure Electric		$7,500	–	–
2019 S60
2019 S60		$5,002	–	–
2020–22 S60
2020–22 S60		$5,419	–	–
2023 S60 T8 Recharge (Extended Range)
2023 S60 T8 Recharge (Extended Range)		$7,500	–	–
2022 S60 Extended Range
2022 S60 Extended Range		$7,500	–	–
2018–19 S90
2018–19 S90		$5,002	–	–
2020–22 S90
2020–22 S90		$5,419	–	–
2022 S90 Extended Range
2022 S90 Extended Range		$7,500	–	–
2023 S90 T8 Recharge (Extended Range)
2023 S90 T8 Recharge (Extended Range)		$7,500	–	–
2020–22 V60
2020–22 V60		$5,419	–	–
2022–23 V60 Extended Range
2022–23 V60 Extended Range		$7,500	–	–
2023 XC40 Recharge Twin (AWD BEV)
2023 XC40 Recharge Twin (AWD BEV)		$7,500	–	–
2021–22 XC40 Recharge Pure Electric P8 AWD
2021–22 XC40 Recharge Pure Electric P8 AWD		$7,500	–	–
2018–19 XC60
2018–19 XC60		$5,002	–	–
2020–22 XC60
2020–22 XC60		$5,419	–	–
2022 XC60 Extended Range
2022 XC60 Extended Range		$7,500	–	–
2023 XC60 T8 Recharge (Extended Range)
2023 XC60 T8 Recharge (Extended Range)		$7,500	–	–
2016–17 XC90
2016–17 XC90		$4,585	–	–
2018–19 XC90
2018–19 XC90		$5,002	–	–
2020–22 XC90
2020–22 XC90		$5,419	–	–
2022 XC90 Extended Range
2022 XC90 Extended Range		$7,500	–	–
2018–19 XC90 Excellence
2018–19 XC90 Excellence		$5,002	–	–
2023 XC90 T8 Recharge (Extended Range)
2023 XC90 T8 Recharge (Extended Range)		$7,500	–	–
Wheego
2011 LiFe
2011 LiFe		$7,500	–	–
Zenith Motors
2014–2017 Electric Van
2014–2017 Electric Van		$7,500	–	–
2016–2017 Electric Minibus
2016–2017 Electric Minibus		$7,500	–	–

TBD = To be determined

Updated 11/11/2022

Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D)

Requirements

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.

Phaseout

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).

Claiming the Credit

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.

Additional Information

Internal Revenue Service (IRS)

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.