There is no limitation on mileage reimbursement for claiming the credit for the purchase of an electric vehicle.
Taxpayers are allowed a credit for the purchase of plug-in electric drive vehicles used for either business or personal purposes. The credit, which ranges between $2,500 and $7,500 for light-duty vehicles, varies depending on the weight of the vehicle and kilowatt hour of battery capacity.
The credit phases out for each car manufacturer when they reach a total of 200,000 electric cars sold for use in the United States.
To determine if you are eligible, click on Deductions & Credits under the Federal menu. Under Cars and Other Things You Own, choose Start/Revisit next to Energy-Efficient Vehicles. This credit is reported on Form 8936.
Plug-In Electric Drive Vehicle Credit
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