Yes, if you qualify. The incentive is not an itemized deduction. Reported on Form 8936, the Plug-In Electric Drive Motor Vehicle Credit applies to certain manufactured electric or plug-in hybrid electric vehicles which draw electricity from a battery recharged from an external source of electricity. The credit ranges from $2,500 to $7,500, depending on battery capacity and weight.
In the Deductions and Credits section, scroll down to:
- Cars and Other Things You Own
- Energy-Efficient Vehicle and also
- Energy-Efficient Vehicle Charging Station
