Deadline: September 30, 2025
Amount: You may qualify for a credit up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in EV or fuel cell electric vehicle (FCV).
Eligibility:
- The tax credit is not available for consumers who have adjusted gross incomes for the current or preceding year above $300,000 (couples), $225,000 (heads of household), $150,000 (singles).
- Vehicles must meet critical mineral and battery component requirements to receive the full credit amount.
- The vehicle must be purchased new with an MRSP less than $80,000 for vans, sport utility vehicles and pickup trucks and $55,000 for other vehicles.
More information: Clean Vehicle Tax Credits – IRS