Vanessa A
Expert Alumni

Deductions & credits

1)Are leased vehicles eligible? NO.  Only purchased vehicles are eligible for the EV Credit.

 

2)Do I qualify for any credit if the cost of our vehicle was greater than the $55,000 MSRP Requirement? Yes.  The credit is based on the MSRP, NOT the price you actually pay.   If it was a van, SUV or Pickup Truck, then yes, the amount is up to $80,000.  If it was anything else, then the $55,000 MSRP applies.  


 

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