Do i get a federal tax credit every year for my electric car. I have a 2014 that was bought new. do i get to take a credit every year?

countrychik66 · ‎June 4, 2019

i took this credit in 2014 do i get the same credit in 2015?

AnnetteB · ‎June 4, 2019

No, you can only claim the credit in the year the vehicle is placed in service.

It is not a credit that you can claim each year that you continue to own it.

damangarry · ‎June 4, 2019

I bought a Tesla in Sept 2106 & sold in Feb 2017. Can I still claim Federal Tax Credit ?

Deductions & credits