Used EV Tax Credit

Have you heard about the point of sale EV Tax Credit? Watch the video to learn about eligibility and which vehicles qualify for the program.



Used EV Tax Credit Key Points

  1. The vehicle must be an EV at least 2 years old with a price of $25,000 or less.
  2. The credit amount is 30% of the vehicle’s price up to a maximum of $4000. It is deducted from the price of the car at purchase and can be used as a down payment.
  3. The Tesla or other EV must be purchased from a Clean Vehicle Dealer approved and registered with the IRS

Income restrictions are as follows

  1. Modified adjusted gross income (AGI) may not exceed.
  2. $150,000 for married filing jointly
  3. $112,500 for heads of households
  4. $75,000 for single filers


You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less. If your income is below the threshold for 1 of the 2 years, you can claim the credit.

See additional details on the IRS Website

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