That's the way I read it. I assume that you did not transfer the credit, so that section would not apply.
Prior to the changes made by the Inflation Reduction Act of 2022, § 30D(a)(1) read:
(1)Allowance of credit
In general. There shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the applicable amount with respect to each new qualified plug-in electric drive motor vehicle placed in service by the taxpayer during the taxable year.
This is essentially the same as what is now in § 30D(a).
