Deductions & credits

@VinnieJT - it is a credit....

 

your tax liability is listed on Line 18 or Form 1040

the EV credit is part of Line 20 and subtracted from Line 18 --- that is a credit as it is a dollar for dollar reduction in the tax liability. 

 

however, Line 22 can not go below zero, so in some cases the credit is limited.