Is this tax credit only for plug in vehicles?
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Yes. The Qualified Plug-In Electric Drive Motor Vehicle Credit is a tax credit available for certain new, plug-in electric vehicles (EVs) placed in service before 2023.
Thank you.
Hi charming2424,
You may qualify for a clean vehicle tax credit up to $7500 if you buy a new, qualified plug-in electric vehicle or fuel cell electric vehicle.
Here are links that may clarify:
Credits for New Clean Vehicles Purchased in 2023 or After
Alternative Motor Vehicle Credit
Hope this helps. Thank you for asking.
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