Not getting Credit for EV Purchase???

Forum|Forum|3 years ago
February 9, 2023
3 replies
17 views

I ordered a Chevy Bolt in June 22 and purchased it on 9-30-22. I plugged it into the software but it does not show any type of credit. I have looked at the rules and I should qualify. I'm not sure if the software is messed up or I have done something wrong. I have double checked for updates and it looks to be up to date. The software keeps telling me Chevy does not qualify for this credit??? I know it does not for the old credit but it should qualify for the new/updated one.

DoninGA

Level 15

The vehicle is not eligible for an EV Credit for tax year 2022.

Go to this website for eligible vehicles - https://www.fueleconomy.gov/feg/taxevb.shtml

Mike9241

Level 15

see this page. Chevy may have already gone over the 200,000 sales cap for for te BOLT so yours won't qualify

https://afdc.energy.gov/laws/electric-vehicles-for-tax-credit#/tab-2022

another limitation is your tax liability. if available, it can reduce it to zero but any excess is lost.

you may want to contact the dealer or GM.

Mike9241

spr42Author

Level 2

Actually I finally found the answer to my own question. "The 200,000-vehicle cap isn’t lifted until 2023. So Tesla and GM vehicles aren’t eligible again until the 2023 tax year—on purchases made from January 2023 on. A Tesla Model 3 bought today is not eligible for the credit, for instance."

https://www.greencarreports.com/news/1136859_irs-2022-ev-phev-tax-credit-american-made

So because I purchased it in 2022 its not eligible for the new rules set into place.