topic Two EV tax credits? in Deductions & credits

Two EV tax credits?

Anonymous — Tue, 24 Feb 2026 06:39:07 GMT

Purchased a Bolt at the beginning of the year. I like the car so much, I am considering purchasing a second EV. Assuming I have the necessary tax liability, will I be eligible for another tax credit if I purchase another new EV? I have not seen any official language stating it is one per vehicle or one per year or one per person in a household. The updated 8936 form shows two columns, but besides that everything I have read is hearsay.

Re: Two EV tax credits?

NCperson — Thu, 29 Jun 2023 22:36:55 GMT

the credit is per vehicle, not per tax payer…. So you are good

but do note the credit is non- refundable, which means it can’t reduce Line 22 of Form 1040 below zero.

so if your tax return in 2023 works out the same as 2022, look at Line 22 of your 2022 tax return: that line needs to be at least $15,000 for you to capture the entire credit for 2 EVs

Re: Two EV tax credits?

Anonymous — Thu, 29 Jun 2023 22:57:17 GMT

Thanks for the reply. Can you show me any official documentation that states the credit is per vehicle? This is what I can't find. I do not want to purchase another vehicle and miss out due to some fine print somewhere.

I do understand about the non-refundable part. Fortunately/unfortunately, my liability will be well over that amount.

Re: Two EV tax credits?

NCperson — Fri, 30 Jun 2023 01:59:19 GMT

@Anonymous - There is simply NOTHING on the IRS website that limits the credit to one vehicle; therefore, it is not limited. if the IRS was going to limit it, it would have stated so in the FAQs.

for new cars, the credit is tied to the vehicle. for used cars, it is tied to the taxpayer (and there is a limit of one credit every three years)

https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after

the credit is tied to the vehicle by the way the FAQ is worded:

The amount of the credit depends on when you placed the vehicle in service (took delivery), regardless of purchase date