Based on income eligibility, many drivers can qualify to receive 30% of the price of a used EV price to a maximum of $4,000, or up to $7,500 with the purchase of a new EV. It is applied dollar-for-dollar against your tax liability when you file your taxes.

https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after

Previous
Previous

IRS Commercial Clean Vehicle Credit

Next
Next

Interactive California Climate Investments Priority Populations Map 2024