How do I determine if the vehicle I want meets the MSRP cap?

The MSRP is the base retail price suggested by the manufacturer, plus the retail price suggested by the manufacturer for each accessory or item of optional equipment physically attached to the vehicle at the time of delivery to the dealer. It does not include destination charges, optional items added by the dealer, or taxes and fees. The MSRP caps for the new clean vehicle tax credit are as follows:

  • Vans / SUVs / Pickup Trucks – $80,000
  • Other – $55,000

If the vehicle arrives at the dealer and the MSRP on the sticker is below the cap for that vehicle, it should be eligible for the tax credit as long as the other Clean Vehicle Tax Credit requirements are met.

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