April 3, 2023 Recent tax law changes changed the rules for the Clean Vehicle Credit for vehicles purchased from 2023 to 2032. If you bought and placed in service a new qualified plug-in electric vehicle (EV) or fuel cell vehicle (FCV) on Jan. 1, 2023, or later, you may be eligible for a Clean Vehicle Tax Credit of up to $7,500. To qualify, you must buy the vehicle for your own use and not for resale, use it primarily in the U.S., and meet certain income limitations. Visit the frequently asked questions page of IRS.gov for more information.
