What You Need To Know About 2023 EV Tax Credits –

New clean vehicles are eligible for up to $7,500 depending on battery size until further guidance from the Treasury/ IRS is released in March 2023. 

Previously owned clean vehicles (also known as “used vehicles”) are eligible for a tax credit of up to $4,000.The minimum battery capacity must be 7 kilowatt hours

  • Vehicles must be made by a qualified manufacturer 
  • MSRP limitations apply
  • Income limits apply to taxpayers
  • The taxpayer must report the vehicle identification number (VIN) of the vehicle on the taxpayer’s income tax return
  • Dealers must provide reports to the taxpayer and the IRS regarding the sale of the vehicle
What You Need To Know About 2023 EV Tax Credits –