The “Used Clean Vehicle Credit” from the Inflation Reduction Act provides for up to a $4,000 credit for certain used EVs or PHEVs, but one condition is that you must have purchased it from a dealer “for use and not for resale.” This seems to speak only to intent, so I’m wondering what criteria would be used to judge whether you’re in actual compliance or not? (Obviously, even individuals who buy a vehicle “for use” and make use of it for some period of time will eventually resell it. Or you may have had the purpose of “use” in mind when buying it, which complies with the language of the regulation, but then circumstances may change and prompt you to resell.)
Is it sufficient that I’m not a registered dealer and that I put some non-zero amount of miles on the vehicle before reselling, or do I need to hold it a specific amount of time?
