Federal Income Tax Credits For Electric Cars

Vehicle Requirements

To be eligible for the tax credit, a vehicle must meet the following requirements:

Claiming the Credit

To claim the tax credit, you must fill out and attach Form 8834: Qualified Electric Vehicle Credit to your tax return.

You can claim the credit by entering the amount from line 20 of Form 8834 on line 55 of Form 1040. You should check box “c” and specify Form 8834.

Partnerships and corporations have different filing requirements.

If you bought your vehicle in a previous tax year, you must fill out an amended tax return Form 1040X for that year.

Other Tax Incentives

Some state and local governments also provide incentives for electric vehicles. Check with your state or local government or view the U.S. Department of Energy’s Clean Cities Vehicle Buyer’s Guide for Consumers.

DISCLAIMER

The information on this page should not be viewed as an official or legally binding document. Other requirements or exceptions may apply. For more detailed information, please consult an IRS tax representative and/or official IRS publications.