Hi Jack, thank you for posting the question.
Congrats on purchasing an EV in California this year.
FYI, EV credit can be used to offset your tax liability to zero. It does not limit what type of income and deductions that generates the tax liability.
You indicated that you are retired and don't have much income, hence I assume you do not have much tax liability.
Quote
If you cannot use part of the personal portion of the credit
because of the tax liability limit, the unused credit is lost.
The unused personal portion of the credit cannot be
carried back or forward to other tax years.
Unquote
Page 3 of Form 8936 (this form is used to claim the EV credit).
https://www.irs.gov/pub/irs-prior/i8936--2022.pdf
While there still is time in tax year 2023, you might consider bringing some income (all types of income) to generate tax liability to utilize the EV credit.
Hope this helps.
Thank you,
Kitty
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