Hi Yamayor, thanks for the event question.
Inflation Reduction Act of 2022 (IRA 2022) signed into law on 8/16/2022. Hence terms used here are “Pre-IRA 2022” and “Post-IRA 2022.”
The IRA 2022 provisions on individual taxpayer EV credits are Internal Revenue Code 30D for "Clean Vehicle Credit" and Code 25E for "Previously-Owned Clean Vehicles Credit."
In general, both codes refer a sale of motor vehicle by a qualified dealer/car dealership to an individual buyer. There are specific rules and reporting requirement. I do not see any provision regarding home conversion by using an electric engine kit to a currently owned gas car.
Thank you and hope the above helps.
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