If you purchased a qualifying vehicle and are looking to claim the Qualified Plug-In Electric Motor Vehicle Credit or Clean Vehicle Credit, you’ll use Form 8936 with your tax return.
In 2023, the credit is renamed the Clean Vehicles Credit. There’s also a new Credit for Previously-Owned Clean Vehicles that benefits used electric vehicle buyers beginning in 2023. Read on as we share the details about the cars that qualify for a tax credit. Who qualifies for the Clean ...
The term qualified electric vehicle refers to a plug-in electric passenger vehicle or light truck that allows the owner to claim anonrefundable tax creditafter purchase. These vehicles must have at least four wheels, be designed for use in the public, and were not used for commercial purposes....