⚡EV Tax Credit Eligibility Calculator

Check federal Clean Vehicle Credit eligibility by vehicle price and income

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Federal EV Tax Credit Under the IRA

The Inflation Reduction Act (IRA) provides a federal Clean Vehicle Credit of up to $7,500 for new EVs purchased from 2023 onward. The credit is non-refundable (reduces tax liability only) and is now transferable to the dealer as a point-of-sale discount.

Two conditions must each be met for the full $7,500: (1) battery component sourcing — $3,750 for meeting assembly requirements, and (2) critical mineral sourcing — another $3,750. Many popular EVs qualify for the full amount.

MSRP and income caps apply. Always verify eligibility at fueleconomy.gov or IRS.gov before purchasing, as rules can change and vehicle eligibility varies by model year.

Frequently Asked Questions

Can I get the credit as an instant discount at the dealership?

Yes. Since January 2024, buyers can transfer the credit directly to a registered dealer, who applies it as a cash reduction at purchase. You don't need to wait until tax filing.

Is there a credit for used EVs?

Yes — up to $4,000 or 30% of sale price (whichever is less) for used EVs under $25,000, subject to lower income limits. The vehicle must be at least 2 model years old.