$8K
per applicant
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
A federal tax credit of up to $7,500 for purchasing a new qualifying battery electric, fuel cell, or plug-in hybrid vehicle assembled in North America. The credit can be applied at the point of sale as a dealer discount, subject to MSRP caps and income limits.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Vehicle must be new and assembled in North America
2.MSRP cap: $80,000 for trucks/vans/SUVs; $55,000 for other vehicles
3.Income limits: $300,000 MFJ / $225,000 HOH / $150,000 single (MAGI)
4.Battery critical mineral sourcing requirements must be met
5.Buyer cannot claim credit for another vehicle in same year
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