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Level 2
posted Jun 28, 2023 12:08:43 PM

Clean vehicles tax credit

Is this tax credit only for plug in vehicles?

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3 Replies
Employee Tax Expert
Jun 28, 2023 12:13:34 PM

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.

Level 2
Jun 28, 2023 12:14:46 PM

Thank you.

Expert Alumni
Jun 28, 2023 12:19:26 PM

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.