@ahoniranjan on the question of whether there is a limitation for how many EV credits you can take in a year; the IRS doesn't explicitly state there is a limit, so the inference is there is no limit.
However, there is a mathmatical limit since the tax credit can only be used to reduce Line 22 (before applying the credit) of Form 1040 to zero. And any unsed credit can not be used in a future year; it expires worthless.
So for example, prior to applying the EV credit, Line 22 is $12,000, then even if you purchase two EVs in one year, you would be limited to $12,000 of credits and forgo the remaining $3,000.
https://www.irs.gov/newsroom/topic-c-frequently-asked-questions-about-when-the-new-requirements-appl...
