Federal Tax Credits for Plug-in Electric and Fuel Cell Electric Vehicles

All-electric, plug-in hybrid, and fuel cell electric vehicles purchased new in 2023 or after may be eligible for a federal income tax credit of up to $7,500.

The availability of the credit will depend on several factors, including the vehicle’s MSRP, its final assembly location, battery component and/or critical minerals sourcing, and your modified adjusted gross income (AGI).

Qualified vehicles purchased before 2023 may be eligible for a similar tax credit of up to $7,500.

Pre-owned vehicles purchased in 2023 or after are eligible for a tax credit of up to $4,000.

State and/or local tax incentives may also apply.

The information on this page applies to the Clean Vehicle Credit available to individuals and businesses. For details about the credit available to businesses and non-profit organizations, see Commercial Clean Vehicle Credit (IRS).