US EV Tax Credit Checker

The Inflation Reduction Act (IRA) expanded the federal EV tax credit to up to $7,500 for new vehicles and $4,000 for used. Eligibility for new vehicles requires: vehicle assembled in North America, MSRP under $80k for SUVs/trucks/$55k for cars, buyer income under $300k MFJ/$150k single, AND meeting battery sourcing requirements (raw materials, critical minerals).

The full $7,500 credit splits into two components: $3,750 for meeting critical minerals requirement (40-80% of battery minerals from US or trade-partner countries) and $3,750 for battery component requirement (50-100% of battery components manufactured/assembled in North America). Many EVs only qualify for half because they meet one but not both.

Full $7,500 (qualifying year-end 2024): Tesla Model 3 (most trims), Model Y, Cybertruck (some), Chevrolet Bolt EV/EUV, Ford F-150 Lightning, GM Equinox EV, Cadillac Lyriq, Honda Prologue. Half credit ($3,750): Tesla Model X, some Volkswagen ID.4 trims, certain Hyundai/Kia models built in US.

The qualifying list updates frequently as battery sourcing changes. fueleconomy.gov/feg/tax2023.shtml has the official up-to-date list. Many popular EVs (Hyundai Ioniq 5, Kia EV6, Polestar) lost eligibility when assembly moved or sourcing requirements weren't met. Buyers should verify the specific VIN's eligibility before purchase.

Used EV credit: 30% of sale price up to $4,000, on vehicles sold for $25,000 or less. Buyer must purchase from a dealer (private party sales don't qualify), the vehicle must be at least 2 model years old, and the buyer's income must be under $150k MFJ/$75k single. Each used EV is only eligible for the credit once in its life - if a previous owner already claimed it, no credit available.

Used credit can transfer to dealer at point of sale (since 2024) for immediate price reduction rather than waiting for tax filing. This makes the savings tangible at purchase. Many used EVs in the $15-25k range now qualify - 2019-2022 Bolts, Leafs, Model 3s often hitting the criteria.

Many states offer additional EV incentives on top of the federal credit. California: $2,000-7,500 Clean Vehicle Rebate (income-restricted). Colorado: $5,000 state credit. New Jersey: sales tax exemption on EVs (~6.625% saved on purchase). New York: $500-2,000 Drive Clean rebate. Massachusetts: $3,500 MOR-EV rebate.

Combined federal + state incentives can knock $10,000-15,000 off an EV purchase in some states. Charging incentives also help: federal 30% credit on home charger installation up to $1,000, plus state utility rebates that can add $500-2,000 more. The [US Income Tax Calculator](/us-income-tax-calculator) covers the federal credit's interaction with overall tax liability.