If you bought and placed in service a new qualified plug-in electric vehicle (EV) or fuel cell vehicle (FCV) on January 1, 2023 or later and meet certain income limitations, you may be eligible for a clean vehicle tax credit up to $7,500 under Internal Revenue Code Section 30D.
How to qualify:
- Your make/model has undergone final assembly in North America
- Not exceed a manufacturer suggested retail price (MSRP) of
- $80,000 for vans, sport utility vehicles and pickup trucks
- $55,000 for other vehicles
To see if a specific vehicle meets the assembly requirements:
- Note the vehicle’s Vehicle Identification Number (VIN)
- Go to the Department of Energy's page on Electric Vehicles with Final Assembly in North America
- Use the VIN Decoder tool under "Specific Assembly Location Based on VIN"
Learn more on IRS.GOV's Index of Manufacturers and if you qualify for the clean vehicle tax credit.
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At Alpha Omega Tax Solution we believe that every financial decision you make affects your taxes. If you have a tax question, we have a tax solution.
