If you purchase a new all-electric, plug-in hybrid, or fuel cell electric vehicle in 2023 or later, you may be able to claim a federal income tax credit of up to $7,500. However, eligibility for the credit depends on several factors, such as the vehicle's manufacturer suggested retail price (MSRP), where it was assembled, and how its battery components and critical minerals were sourced. Additionally, the credit amount may be subject to reduction based on your modified adjusted gross income (AGI).
Pre-owned vehicles purchased in 2023 or after are eligible for a tax credit of up to $4,000. Changes to this list are ongoing, some qualified manufacturers have yet to submit information on eligible vehicles that meet the requirements for vehicles placed in service on or after April 18, 2023. Please check back for updated information. Federal Tax Credits for Plug-In Electric Vehicles Purchased in 2023 or after
(Vehicle placed into service on or after April 18, 2023)
Last updated 4/23/2023
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