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IRA Q: For EVs purchased in 2023 that quality for the full $7,500 credit amount, can a single household rec. credit for 2 EVs purchased in 2023 (total of $15,000)?

My wife and I would like to buy a qualified EV in 2023.  Can each of us receive a full credit (presuming we and the EVs quality otherwise?
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DawnC
Expert Alumni

IRA Q: For EVs purchased in 2023 that quality for the full $7,500 credit amount, can a single household rec. credit for 2 EVs purchased in 2023 (total of $15,000)?

Yes, you can take the credit on multiple cars assuming you and the vehicles qualify otherwise.  

 

Credits for New Clean Vehicles Purchased in 2023 or After

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