The federal government recognizes the critical role an electrified transportation industry must play in combating climate change. Thanks to the Inflation Reduction Act, you can get up to $7,500 tax credit instantly when you buy or lease a new EV. Qualified used EVs may be eligible for up to $4,000 instantly.
What are you interested in?
Don’t forget about the federal EV charging infrastructure tax credit. You might qualify to save money on chargers, too.
Tax credit facts | 2025 Webinar | FAQs
EV Shopper Checklist
To simplify things for you, we created a checklist for EV shoppers who want to get the tax credit on new and used EVs at the time of the sale. Click on the image or button below to download the PDF.
2024 Federal Tax Credit Checklist for EV Shoppers
Things to Know About the Federal EV Tax Credits
- They can be stacked with other state and utility incentives. So, if you and the vehicle you want qualify for a federal tax credit, you can still take advantage of state and local EV incentives. They can really add up!
- Since January 1, 2024, the new EV tax credit and the used EV tax credit are available instantly at the time of sale. (Buyers must still file a tax return even if they don’t normally pay taxes and include the Vehicle Identification Number (VIN) on Form 8936)
- Each vehicle is eligible for one new EV tax credit and one used EV tax credit.
- The EV purchaser must be a taxpayer who is not a dependent of another taxpayer.
- The EV must be purchased for use and not be acquired for resale.
- The EV must have a Gross Vehicle Weight Rating (GVWR) of under 14,000 pounds (except for Commercial Clean Vehicles under IRC 45W).
- The vehicle must have a plug, meaning it must be propelled by an electric motor that draws power from a battery of at least 7kWh and be able to charge from an external source of electricity.
- The EV must be manufactured for use on public streets and have at least four wheels.
2025 EV Tax Credit Webinar
On Jan. 16, 2025, we hosted a webinar that covered:
- EV Charging Tax Credit (30C)
- Clean Vehicle Tax Credits
- New Clean Vehicle (30D)
- Used Clean Vehicle (25E)
- Commercial Clean Vehicle (45W)
- Future Outlook
How to identify eligible Census tracts for EV Charging Tax Credit
- Find your census tract GEOID on this page.
- See if your census GEOID is listed on this IRS document.
Watch the webinar:
Federal Tax Credit FAQs
We’ve collected commonly asked questions that you access here.
Important: The guidance on this page is for vehicles delivered on or after January 1, 2024. For guidance on other time frames, visit our federal EV tax credit hub.
Plug In America does its best to provide current, accurate information, but we are not tax professionals. Consult your tax advisor to see if you qualify for tax credits.
