

To see if your model meets the assembly requirements, check the Department of Energy's page on Electric Vehicles with Final Assembly in North America. If you buy and take delivery of a qualified electric vehicle between Augand December 31, 2022, the same rules apply, plus the vehicle must also undergo final assembly in North America. Vehicles Purchased After August 16, 2022: New Final Assembly Requirement You can find your vehicle's weight on the vehicle's window sticker. Be made by a manufacturer that hasn't sold more than 200,000 EVs in the U.S.Have a gross vehicle weight rating of less than 14,000 pounds.You may qualify for a credit up to $7,500 for buying a qualified new car or light truck. The credit is available to individuals and businesses.

You can't apply any excess credit to future tax years.įind information on credits for used clean vehicles and new EVs purchased in 2023 or after. It is nonrefundable, so you can't get back more on the credit than you owe in taxes.

$2,917 for a vehicle with a battery capacity of at least 5 kilowatt hours (kWh).If you bought a new, qualified plug-in electric vehicle (EV) in 2022 or before, you may be eligible for a clean vehicle tax credit up to $7,500 under Internal Revenue Code Section 30D.
