Electric vehicle federal tax credit up to $7,500

Electric vehicle federal tax credit up to $7,500 logo

The federal government is offering a $7,500 tax credit for qualifying electric vehicles. The credit is $2,500 plus $417 for each kilowatt-hour of battery capacity in excess of 5-kilowatt hours.

• Consult your tax adviser to make sure you qualify
• This offer is subject to change, consult IRS website for details
• Max tax credit $7,500

Incentive Information

Electric Vehicle Federal Tax Incentive up to $7,500