![]() Where & How to Claim a State Electric Vehicle Tax Credit In other words, before running out to buy an electric vehicle, make sure that you’ve done your homework (the “must read article” I highlighted above should help, but is really just a starting point, as everything is going to be a moving target the next few years). Here’s a list of EVs still eligible for the tax credit with the new battery requirements. Update: the IRS rolled out new guidance in April of 2023. They specifically state that “This proposed guidance is expected to be issued in March 2023.” The IRS has said that it needs more time to provide guidance on which vehicles are eligible for the full credit based on these requirements. market won’t meet the battery and minerals requirements now or in the near future until their supply chains can adjust. It’s very possible that most, if not all, of the current EVs available for sale in the U.S. The “final vehicle assembly in North America” and battery and minerals sourcing criteria are going to dramatically impact which electric vehicles are eligible for the full $7,500 clean vehicle tax credit. Starting in 2024, dealerships will be able to offer the value of a tax credit up front to consumers.Used Vehicles are now potentially eligible for a tax credit as well.Taxpayer modified adjusted gross income (MAGI) eligibility caps were added.No more automaker vehicles sold phaseouts.have a maximum vehicle MSRP of $80,000 for vans, sport utility vehicles and pickup trucks and $55,000 for other vehicles. ![]()
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