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I purchased a 2023 Ford F150 Lightning full electric truck with 17000mi on it. what credit am I qualified for and how much?

 
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Vanessa A
Expert Alumni

I purchased a 2023 Ford F150 Lightning full electric truck with 17000mi on it. what credit am I qualified for and how much?

None. In order to claim the EV Credit for New vehicles, it has to be brand new and you be the original owner.  In order to claim the EV Credit for Used vehicles, the vehicle must be at least 2 years older than the current model year.

 

Also, for the used EV credit, it must cost less than $25,000.

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