There is currently no requirement on the plug-in electric drive motor vehicle credit for length of ownership. As long as you were the original owner and did not purchase it with the intent of reselling it, then you are eligible for the entire credit with no requirement that any needs to be repaid if you do end up reselling it in the same year.
As @dmertz said, the IRS can challenge your assertion if they suspect your original intent was for resale. From the IRC 30D, the only time the credit was can be recaptured is if one of these ceases to be true:
- (A) the original use of which commences with the taxpayer,
- (B) which is acquired for use or lease by the taxpayer and not for resale,
- (C) which is made by a manufacturer,
- (D) which is treated as a motor vehicle for purposes of title II of the Clean Air Act,
- (E) which has a gross vehicle weight rating of less than 14,000 pounds, and
- (F) which is propelled to a significant extent by an electric motor which draws electricity from a battery which— (i) has a capacity of not less than 4 kilowatt hours, and (ii) is capable of being recharged from an external source of electricity.
@Morgan_M
