EV Credit for more than one car

[praveena354]

Hi,

Can we buy two Tesla's  in 2023 and claim credit for both cars (15000 USD)

Please advise.

[TeriH]

New cars!  exciting. 

Yes you "can" since each new car comes with it's own credit and there is no max per year or per lifetime limitation however the credit is NOT refundable so if you cannot use them both on one tax return then you lose the excess.  Review your situation carefully to see if you may want to delay the purchase until 1/1 and maybe the sale until 12/31.