Question

Electric vehicle credit claims

Forum|Forum|4 years ago
August 10, 2021
1 reply
0 views

Apart from having a federal tax liability of more than $7500 in the year one put a a qualified PHEV or EV to use, what are the other conditions a person must meet to claim the federal credit?

KochuK

Hi LV06,

Please refer to the Form 8936 "Qualified Plug-in Electric Drive Motor Vehicle Credit" instructions, "Certification and Other Requirements."

Aside from manufacturer's certification,

Quote

The following requirements must be met to qualify for the credit.

You are the owner of the vehicle. If the vehicle is leased, only the lessor and not the lessee, is entitled to the credit.
You placed the vehicle in service during your tax year.
The vehicle is manufactured primarily for use on public streets, roads, and highways.
The original use of the vehicle began with you.
You acquired the vehicle for use or to lease to others, and not for resale.
You use the vehicle primarily in the United States.