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February 2, 2025
Question

Do I receive the tax credit on a Hybrid Jeep I am leasing?

  • February 2, 2025
  • 1 reply
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    1 reply

    February 2, 2025

    No, only the owner of the vehicle of the vehicle is eligible for the credit.

     

    See New Clean Vehicle Certification and Other Requirements in the Instructions for Form 8936 for more information.

     

    Additionally, only plug-in hybrids now qualify for a credit. According to the instructions linked above, a qualifying vehicle "Is propelled to a significant extent by an electric motor that draws electricity from a battery that has a capacity of not less than 7 kilowatt hours and is capable of being recharged from an external source of electricity."