Vanessa A
Employee Tax Expert

Deductions & credits

1) Yes, you would need to own the vehicle for 3 full years to not end up having to pay back the credit or part of the credit.  

 

2) No, you would not be able to take the credit.  The recapture amount for the first year of service is 100% so even if you did take the credit you would need to pay it back in full.

 

3) The new owner would have to prove their right to claim the credit.  This is not something you need to deal with. 

 

EV Credit Recapture

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