Considering an Electric Vehicle?

To see if a vehicle itself qualifies for the Electric Vehicle Tax Credit, you can visit this Fueleconomy.gov tool. Note that there are additional rules that come into play:

  • The cost of the vehicle can’t exceed $80,000 for vans, SUVs, and trucks. Other vehicles can’t exceed $55,000.
  • You only qualify for the credit if your income is less than $300,000 for married filing jointly, $225,000 for head of household, or $150,000 for all other filers

See the IRS page Credits for New Clean Vehicles Purchased in 2023 or After or contact us for more information.