@jwglyph one of the requirements is that the auto is for YOUR personal use. So if your name is on the title and the auto is for your parent's personal use, then you are not eligible for the credit.
it works if you buy the car and it is for YOUR personal use.... and that assumes that your tax liabiltiy (line 22 on Form 1040) exceeds $7500 prior to the credit - otherwise, your income is not high enough to consume the entire credit.
Be serious, the IRS is smarter than all of us. Everytime you think of a scheming way to get the credit, the IRS is one step ahead of all of us.
Congress did not authorize the tax credit to people making over $300,000 per year as they don't need help buying the car - they can afford it in Congress' view.
https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after
To qualify, you must:
