For vehicles purchased in 2010 or later, this credit can be used toward the alternative minimum tax (AMT).
Small neighborhood electric vehicles do not qualify for this credit, but they may qualify for another credit.
Disclaimer The information on this page should not be viewed as an official or legally binding document.
Gov Privacy/Security Feedback Contacts Download EPA's MPG Ratings Find and Compare Cars USA.Federal Tax Credit Up To 7,500!Mobile Español Site Map General Links FAQ Contacts USA.For more detailed information, please consult an IRS tax representative and/or official IRS publications.Phase Out 50 25, aMP Electric Vehicles 1/1/10 to Present, tBD, tBD 2012 GCE Electric Vehicle 2012 GCE Electric Vehicle 7, MLE Electric Vehicle 2012 MLE Electric Vehicle 7,500, audi 1/1/10 to Present, tBD, tBD 201618 A3 e-tron 201618 A3 e-tron 4, A3 e-tron ultra.Filter table by, vehicle Type Vehicle Type, all-Electric.It must be treated as a motor vehicle for purposes of title II of the Clean Air Act.Fill out Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit.The credit amount will vary based on the capacity of the battery used to power the vehicle.It must have a gross vehicle weight rating corporate client giveaways (gvwr) of not more than 14,000 lbs.Gov Info for Auto Dealers Privacy/Security Feedback.If a qualifying vehicle is leased to a consumer, the leasing company may claim the credit.) The vehicle is used mostly in the United States.IRS will announce when a manufacturer exceeds this production figure and will announce the subsequent phase out schedule ( Plug-In Electric Drive Motor Vehicle Credit Quarterly Sales ).The credit begins to phase out for vehicles at the beginning of the second calendar quarter after the manufacturer has sold 200,000 eligible plug-in electric vehicles (i.e., plug-in hybrids and EVs) in the United States as counted from January 1, 2010.State and/or local incentives may also apply.The vehicle must be placed in service by the taxpayer during or after the 2010 calendar year.
Individual Income Tax Return.
All-electric and plug-in hybrid cars purchased in or after 2010 may be eligible for a federal income tax credit of up to 7,500.
The vehicle is acquired for use or lease by the taxpayer, and not for resale.It must be propelled to a significant extent by an electric motor which draws electricity from a battery which has a capacity of not less than 4 kilowatt hours and is capable of being recharged from an external source of electricity.Plug-in Hybrids, all, manufacturer Mobile CarsFiatFiskerFordFord/Azure DynamicsGeneral MotorsVolkswagenVolvoWheego.Other requirements or exceptions may apply.For vehicles acquired for personal use, report the credit from Form 8936 on the appropriate line of your Form 1040,.S.Vehicle Make Model, vehicle Type, full Credit.
If the qualifying vehicle is purchased for business use, the credit for the business use of an electric vehicle is reported on Form 3800, General Business Credit.