Does the amount of the used EV tax credit depend on whether a vehicle is all-electric or plug-in hybrid electric?
No, both all-electric vehicles and plug-in hybrid electric vehicles are eligible for the full $4,000.
Does the vehicle purchase price for the previously owned Clean Vehicle Tax Credit depend on the type of vehicle purchased, such as a van, pickup truck, SUV or other vehicle?
No, all previously owned clean vehicles are eligible for a tax credit of up to $4,000 or 30% of the vehicle sales price, whichever is less.
If a vehicle has already received a tax credit when it was purchased as new, is it eligible for the used tax credit?
Yes. A vehicle is limited to one credit per vehicle for each type of credit, meaning that a vehicle can receive the tax credit as a new vehicle and again as a used vehicle for a different owner.
Do I have to purchase the vehicle from a dealer?
Yes, to be eligible for the tax credit, the vehicle must be purchased from a dealer registered with the IRS.
Can businesses receive the previously owned clean vehicle tax credit?
No, only individuals can receive the previously owned clean vehicle tax credit.
How much is the used EV tax credit?
The previously owned clean vehicle tax credit can be up to $4,000 or 30% of the vehicle sales price, whichever is less.
