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March 22, 2024
Question

Electric Vehicle tax credit

  • March 22, 2024
  • 1 reply
  • 0 views

A Ford Mach-E was purchased in December 2023 with a MSRP of $60,495.  Because the proce is over $55,000 does this disqualify the purchase from the entire $3,750 credit?

 

Thank you.

1 reply

DaveF1006
March 22, 2024

Yes, according to this, the vehicle's manufacturer suggested retail price (MSRP) can't exceed:

 

  • $80,000 for vans, sport utility vehicles and pickup trucks
  • $55,000 for other vehicles
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