Category: Electric Vehicles

2023 Electric Vehicle Tax Credits

Written February 23, 2023 by Barbara Dillon

If you buy a new plug-in electric vehicle (EV) or fuel cell vehicle (FCV) in 2023 or after, you may qualify for a clean vehicle tax credit of up to $7,500.

Electric Vehicle Tax Credit

Written October 11, 2022 by Barbara Dillon

Categories: Electric Vehicle Tax Credit, Electric Vehicles, IRS, Tax Credits, Tax planning

If you are interested in claiming the EV tax credit for purchasing a new electric vehicle after August 16, 2022, a tax credit is generally available only for qualifying electric vehicles where final assembly occurred in North America. A transition rule applies for electric vehicles purchased before August 16, 2022.