I may buy a plug-in hybrid Volvo XC60 via the Overseas Delivery Program. I take delivery in Sweden, and then Volvo ships to US. Do I still get the Plug in Tax Credit?

The Overseas Delivery Program, allows US shoppers to buy a new vehicle from Volvo directly. Volvo flies the purchaser to Europe to take delivery. After a day or a few weeks, the car is returned to Volvo to be shipped to the United States.

I'm also curious what would happen if I take delivery of the car in Sweden in say October, 2017. But it doesn't arrive in the United States until January 2018. Would I get the Plug-in Hybrid tax credit for tax year 2017 or tax year 2018?

1697

Level 15

Jun 4, 2019 7:24:43 PM

The credit is based on the date when the title to the vehicle passes to the taxpayer under state law.

Level 15

Jun 4, 2019 7:24:44 PM

<a rel="nofollow" target="_blank" href="https://www.irs.gov/businesses/plug-in-electric-vehicle-credit-irc-30-and-irc-30d">https://www.irs.gov/businesses/plug-in-electric-vehicle-credit-irc-30-and-irc-30d</a>

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I may buy a plug-in hybrid Volvo XC60 via the Overseas Delivery Program. I take delivery in Sweden, and then Volvo ships to US. Do I still get the Plug in Tax Credit?