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Qualified Plug-in Electric Drive Motor Vehicle Credit

You may be eligible to claim the credit for Qualified Plug-in Electric Drive Motor Vehicles if you purchased a new vehicle that runs on electricity.

Vehicles purchased after December 31, 2009 are qualified for the credit. If the vehicle satisfies the IRS minimum requirements, you can claim the credit to the maximum of $7,500.

Electric-Car

The credit phases out for once the manufacturer sells more than 200,000 qualified vehicles of that model for use in the United States.

You must file IRS Form 8936 to claim the credit if your vehicle meets the requirements.

If you bought an electric vehicle during 2018, give us a call to learn more about this credit.

                   

Check the below link if your vehicle is a qualified vehicle for this credit:

https://www.irs.gov/businesses/qualified-vehicles-acquired-after-12-31-2009.

 

 

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