New EV Credits The IRS and You
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Credits for New Clean Vehicles Purchased in 2023 or After
If you buy a new plug-in electric vehicle (EV) or fuel cell vehicle (FCV) in 2023 or after, you may qualify for a clean vehicle tax credit. Find out if you qualify.
Find information on credits for used clean vehicles, qualified commercial clean vehicles, and new plug-in EVs purchased before 2023.
Who Qualifies
You may qualify for a credit up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in EV or fuel cell electric vehicle (FCV). The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032.
The credit is available to individuals and their businesses.
To qualify, you must:
- Buy it for your own use, not for resale
- Use it primarily in the U.S.
In addition, your modified adjusted gross income (AGI) may not exceed:
- $300,000 for married couples filing jointly
- $225,000 for heads of households
- $150,000 for all other filers
You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your modified AGI is below the threshold in 1 of the two years, you can claim the credit.
The credit is nonrefundable, so you can't get back more on the credit than you owe in taxes. You can't apply any excess credit to future tax years.
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.Qualified Manufacturers of the vehicles listed below have indicated that the vehicles are currently eligible for a credit provided other requirements are met. Check back for additions to this list.
For vehicles purchased in 2022 or before, credit eligibility was determined under different criteria.
North America Final Assembly and MSRP Requirements
Vehicle make/models that appear in the list below do not automatically qualify. They must also
- Have 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"
Index to Manufacturers
This manufacturer has entered into a written agreement with us to become a "qualified manufacturer" but hasn't yet submitted a list of specific makes and models that are eligible. Please check back here for updated information.
| Model Year | Vehicle Description | Applicable MSRP Limit |
|---|---|---|
| 2023 | Audi Q5 TFSI e Quattro (PHEV) | $80,000 |
| Model Year | Vehicle Description | Applicable MSRP Limit |
|---|---|---|
| 2021, 2022, 2023 | BMW 330e | $55,000 |
| 2021, 2022, 2023 | BMW X5 xDrive45e | $80,000 |
| Model Year | Vehicle Description | Applicable MSRP Limit |
|---|---|---|
| 2022, 2023 | Ford Escape Plug-In Hybrid | $55,000 |
| 2022, 2023 | Ford E-Transit | $80,000 |
| 2022, 2023 | Ford F-150 Lightning | $80,000 |
| 2022, 2023 | Ford Mustang Mach-E | $55,000 |
| 2022, 2023 | Lincoln Aviator Grand Touring | $80,000 |
| 2022, 2023 | Lincoln Corsair Grand Touring | $55,000 |
| Model Year | Vehicle Description | Applicable MSRP Limit |
|---|---|---|
| 2022, 2023 | Chevrolet Bolt | $55,000 |
| 2022, 2023 | Chevrolet Bolt EUV | $55,000 |
| 2022, 2023 | Cadillac Lyriq | $55,000 |
This manufacturer has entered into a written agreement with us to become a "qualified manufacturer" but hasn't yet submitted a list of specific makes and models that are eligible. Please check back here for updated information.
This manufacturer has entered into a written agreement with us to become a "qualified manufacturer" but hasn't yet submitted a list of specific makes and models that are eligible. Please check back here for updated information.
This manufacturer has entered into a written agreement with us to become a "qualified manufacturer" but hasn't yet submitted a list of specific makes and models that are eligible. Please check back here for updated information.
This manufacturer has entered into a written agreement with us to become a "qualified manufacturer" but hasn't yet submitted a list of specific makes and models that are eligible. Please check back here for updated information.
This manufacturer has entered into a written agreement with us to become a "qualified manufacturer" but hasn't yet submitted a list of specific makes and models that are eligible. Please check back here for updated information.
This manufacturer has entered into a written agreement with us to become a "qualified manufacturer" but hasn't yet submitted a list of specific makes and models that are eligible. Please check back here for updated information.
| Model Year | Vehicle Description | Applicable MSRP Limit |
|---|---|---|
| 2021, 2022, 2023 | Nissan Leaf S | $55,000 |
| 2021, 2022 | Nissan Leaf S Plus | $55,000 |
| 2021, 2022 | NIssan Leaf SL Plus | $55,000 |
| 2021, 2022 | Nissan Leaf SV | $55,000 |
| 2021, 2022, 2023 | Nissan Leaf SV Plus | $55,000 |
This manufacturer has entered into a written agreement with us to become a "qualified manufacturer" but hasn't yet submitted a list of specific makes and models that are eligible. Please check back here for updated information.
This manufacturer has entered into a written agreement with us to become a "qualified manufacturer" but hasn't yet submitted a list of specific makes and models that are eligible. Please check back here for updated information.
This manufacturer has entered into a written agreement with us to become a "qualified manufacturer" but hasn't yet submitted a list of specific makes and models that are eligible. Please check back here for updated information.
| Model Year | Vehicle Description | Applicable MSRP Limit |
|---|---|---|
| 2022, 2023 | Rivian R1S | $80,000 |
| 2022, 2023 | Rivian R1T | $80,000 |
| Model Year | Vehicle Description | Applicable MSRP Limit |
|---|---|---|
| 2022, 2023 | Chrysler Pacifica PHEV | $80,000 |
| 2022, 2023 | Jeep Wrangler 4xe | $80,000 |
| 2022, 2023 | Jeep Grand Cherokee 4xe | $80,000 |
This manufacturer has entered into a written agreement with us to become a "qualified manufacturer" but hasn't yet submitted a list of specific makes and models that are eligible. Please check back here for updated information.
| Model Year | Vehicle Description | Applicable MSRP Limit |
|---|---|---|
| 2022, 2023 | Tesla Model 3 Rear Wheel Drive | $55,000 |
| 2022, 2023 | Tesla Model 3 Long Range | $55,000 |
| 2022, 2023 | Tesla Model Y All-Wheel Drive - 7 seat variant (3-rows) | $80,000 |
| 2022, 2023 | Tesla Model Y Long Range - 7 seat variant (3-rows) | $80,000 |
| 2022, 2023 | Tesla Model Y Performance - 7 seat variant (3-rows) | $80,000 |
| 2022, 2023 | Tesla Model Y All-Wheel Drive - 5 seat variant (2-rows) | $55,000 |
| 2022, 2023 | Tesla Model Y Long Range - 5 seat variant (2-rows) | $55,000 |
| 2022, 2023 | Tesla Model Y Performance - 5 seat variant (2-rows) | $55,000 |
This manufacturer has entered into a written agreement with us to become a "qualified manufacturer" but hasn't yet submitted a list of specific makes and models that are eligible. Please check back here for updated information.
| Model Year | Vehicle Description | Applicable MSRP Limit |
|---|---|---|
| 2023 | Volkswagen ID.4 | $55,000 |
| 2023 | Volkswagen ID.4 Pro | $55,000 |
| 2023 | Volkswagen ID.4 Pro S | $55,000 |
| 2023 | Volkswagen ID.4 S | $55,000 |
| 2023 | Volkswagen ID.4 AWD Pro | $80,000 |
| 2023 | Volkswagen ID.4 AWD Pro S | $80,000 |
Volvo Car North America, LLC Manufacturers and Models for New Qualified Clean Vehicles Purchased in 2023 or After - Qualified Vehicles
To qualify, a vehicle must:
- Have a battery capacity of at least 7 kilowatt hours
- Have a gross vehicle weight rating of less than 14,000 pounds
- Be made by a qualified manufacturer. See our index of qualified manufacturers and vehicles.
- FCVs do not need to be made by a qualified manufacturer to be eligible. See Rev. Proc. 2022-42PDF for more detailed guidance.
- Undergo final assembly in North America
The sale qualifies only if:
- You buy the vehicle new
- The seller reports required information to you at the time of sale and to the IRS.
- Sellers are required to report your name and taxpayer identification number to the IRS for you to be eligible to claim the credit.
In addition, the vehicle's manufacturer suggested retail price (MSRP) can't exceed:
- $80,000 for vans, sport utility vehicles and pickup trucks
- $55,000 for other vehicles
MSRP is the retail price of the automobile suggested by the manufacturer, including options, accessories and trim but excluding destination fees. It isn't necessarily the price you pay.
To confirm whether a vehicle is a van, sport utility vehicle, pickup truck or other, see our qualified vehicles and manufacturers.
You can find your vehicle's weight, battery capacity, final assembly location (listed as “final assembly point”) and VIN on the vehicle's window sticker.
To check online if a specific vehicle meets the requirements for final assembly location, go to the Department of Energy's page on Electric Vehicles with Final Assembly in North America and use the VIN Decoder tool under "Specific Assembly Location Based on VIN."
How to Claim the Credit
To claim the credit, file Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit (Including Qualified Two-Wheeled Plug-in Electric Vehicles) with your tax return. You will need to provide your vehicle's VIN.
