Ev credit and depreciation

[royc93]

Hello im in texas and i was planning on purchasing a new model 3 2024.

i am self-employed so i like the 7k tax credit.

My question is, can i add depreciation on my tax returns to reduce the tax liability and also use the 7k ev credit simultaneously? 
thanks!

[tagteam]

https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-claim-the-ev-tax-credit-an...

[Opus 17]

You must reduce your basis for depreciation by the amount of the credit. 

How much you can depreciate depends on how much you use the vehicle for business, of course.

[Mike9241]

IRC 30D requires you to reduce depreciable basis by the full credit even if you can't use 100%