Tax Credits for Used Clean Vehicles - YouTube video text script

If you buy a qualified used electric vehicle or fuel cell vehicle from a licensed dealer for 25,000 dollars or less, you may be eligible for a used clean vehicle tax credit.

The credit equals 30 percent of the sales price, up to a maximum of 4,000 dollars.

If you purchased your vehicle before 2023, you don't qualify.

To qualify for the tax credit:

The vehicle must be purchased for your own use and not for resale.

As the buyer, you can't:

  • Be the original owner of the vehicle.
  • Be claimed as a dependent on another person's tax return; or
  • Have claimed another used clean vehicle credit in the 3 years before the purchase date.

Income limitations also apply.

Some of the qualifications for the vehicle include:

  • A battery capacity of at least 7 kilowatt hours.
  • A gross vehicle weight rating of less than 14,000 pounds.
  • Sales price before credit of 25,000 dollars or less.
  • And the seller must report the sale – with the buyer's Taxpayer Identification Number – to the IRS.

To learn more about this credit and which clean vehicles qualify for the credit, visit