No. You can still get the full amount of the tax credit if you transfer your tax credit to the dealer. Historically, many tax credits haven’t been accessible to lower-wealth individuals and households because lower earnings mean lower tax liability. Because the EV tax credits are transferable, the EV buyer no longer needs to have tax liability to access the credit.
By: Lindsey Perkins
|
Published: 02.28.2024
Do I need to have tax liability to receive the upfront tax credit?
Get more EV info in your inbox
Sign up for Plug In America’s newsletter to stay up to date with what’s coming down the road.
Related Articles:
By: Plug In America
|
Published: 05.13.2025
it’s electric, a New York-based company, is partnering with property owners and installing public curbside charging with a twist
This is part of a collection of case studies that focus on creative charging solutions for EV drivers in multifamily housing. For more information and the full collection, visit our Charging Solutions for EV Drivers in Multifamily Housing hub. Challenge For EV drivers in cities, charging can be difficult to[…]
By: Plug In America
|
Published: 05.13.2025
Electric Nation is providing access to clean and affordable transportation for underserved tribal communities
This is part of a collection of case studies that focus on creative charging solutions for EV drivers in multifamily housing. For more information and the full collection, visit our Charging Solutions for EV Drivers in Multifamily Housing hub. Challenge Access to charging is essential for drivers of all kinds.[…]