Your vehicle does not qualify for the credit. Some manufacturers with vehicles assembled in North America have reached a cap of 200,000 EV credits (as noted below). For vehicles acquired before January 1, 2023, if a sales cap applies, the vehicle may not qualify for the full tax credit. The sales cap does not apply to vehicles acquired after December 31, 2022.
The listing below indicates whether credits for a manufacturer’s vehicles have phased out because at least 200,000 qualifying vehicles it manufactured have been sold for use in the United States
Taxpayers may claim the full amount of the credit up the end of the first quarter after the quarter in which the manufacturer records its sale of the 200,000th qualified vehicle. For the second and third calendar quarters, taxpayers may claim 50% of the credit. For the fourth and fifth calendar quarters, taxpayers may claim 25% of the credit. No credit is allowed after the fifth quarter. Section 4.07 of Notice 2009-89 provides that a vehicle is not “acquired” before the date on which title passes under state law.
| Qualifying Vehicle |
Acquired through 12/31/2018 |
Acquired 1/1/2019 through 6/30/2019 |
Acquired 7/1/2019 through 12/31/2019 |
Credit available 1/1/2020 |
Roadster
2008-2011 |
$7,500 |
$3,750 |
$1,875 |
$0 |
Model S
2012-2020 |
$7,500 |
$3,750 |
$1,875 |
$0 |
Model X
2016-2020 |
$7,500 |
$3,750 |
$1,875 |
$0 |
Model 3 Standard Range
2020 |
$7,500 |
$3,750 |
$1,875 |
$0 |
|
Model 3 Standard Range Plus
2019-2020
|
$7,500 |
$3,750 |
$1,875 |
$0 |
Model 3 Long Range
2017-2020 |
$7,500 |
$3,750 |
$1,875 |
$0
|
| Model 3 Long Range AWD and AWD Performance 2018-2020 |
$7,500 |
$3,750 |
$1,875 |
$0 |
Model 3 Mid Range
2018-2020 |
$7,500 |
$3,750 |
$1,875 |
Here is an IRS link for Credits for New Electric Vehicles Purchased in 2022
Additional information from Alternative Fuel Cell Data Center
@dsolomatin
{Edited: 2/6/2023 | 12:53 PST}
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
