Federal Tax Credits for All-Electric and Plug-in Hybrid Vehicles

Federal Tax Credit Up To $7,500!

All-electric and plug-in hybrid cars purchased new in or after 2010 may be eligible for a federal income tax credit of up to $7,500. The credit amount will vary based on the capacity of the battery used to power the vehicle. State and/or local incentives may also apply.

Small neighborhood electric vehicles do not qualify for this credit, but they may qualify for another credit.

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Vehicle Make & Model Vehicle Type Full Credit Phase Out
50% 25%
AMP Electric Vehicles

1/1/10 to Present TBD TBD
2012 GCE Electric Vehicle
GCE Electric Vehicle $7,500

2012 MLE Electric Vehicle
MLE Electric Vehicle $7,500

Audi

1/1/10 to Present TBD TBD
2016–18 A3 e-tron
2016 A3 e-tron $4,502

2019 e-tron SUV
e-tron SUV $7,500

2016 A3 e-tron ultra
2016 A3 e-tron ultra $4,502

2020 A8L PHEV
A8L PHEV $6,795

BMW

1/1/10 to Present TBD TBD
2014–20 i3 Sedan
BMW i3 Sedan $7,500

2014–20 i3 Sedan w/ Range Extender
BMW i3 Sedan w/ Range Extender $7,500

2017 i3 Sedan (w/ 60 amp-hr battery)
BMW i3 Sedan (w/ 60 amp-hr battery) $7,500

2018–20 i3s
BMW i3s $7,500

2018–20 i3s w/ Range Extender
BMW i3s w/ Range Extender $7,500

2014–17 i8
BMW i8 $3,793

2019–20 i8 Coupe
BMW i8 Coupe $5,669

2019–20 i8 Roadster
BMW i8 Roadster $5,669

2020 X3 xDrive30e
X3 xDrive30e $5,836

2016–18 X5 xDrive40e
BMW X5 xDrive40e $4,668

2016–18 330e
330e $4,001

2018–19 530e
530e $4,668

2020 530e
530e $5,836

2018–19 530e xDrive
530e xDrive $4,668

2020 530e xDrive
530e $5,836

2017 740e
740e $4,668

2018–19 740e xDrive
740e xDrive $4,668

2020 745e
745e $5,836

BYD Motors

1/1/10 to Present TBD TBD
2012–17 e6 Electric Vehicle
e6 Electric Vehicle $7,500

Cadillac

1/1/10 to 3/31/19 4/1/19 to 9/30/19 10/1/19 to 3/31/20
2014, 2016 Cadillac ELR
Cadillac ELR $7,500

$3,750

$1,875

2017–18 Cadillac CT6 Plug-in
Cadillac CT6 Plug-in $7,500

$3,750

$1,875

Chevrolet

1/1/10 to 3/31/19 4/1/19 to 9/30/19 10/1/19 to 3/31/20
2017–19 Chevrolet Bolt EV
Chevrolet Bolt EV $7,500

$3,750

$1,875

2011–19 Chevrolet Volt
Chevrolet Volt $7,500

$3,750

$1,875

2014–16 Chevrolet Spark EV
Chevrolet $7,500

$3,750

$1,875

Chrysler

1/1/10 to Present TBD TBD
2017–20 Pacifica Plug-in Hybrid
Pacifica Plug-in Hybrid $7,500

CODA Automotive

1/1/10 to Present TBD TBD
2010, 2012 CODA Sedan
CODA Sedan $7,500

Electric Mobile Cars

1/1/10 to Present TBD TBD
2010 E36 7 Passenger Wagon
E36 7 Passenger Wagon $7,500

2010 E36t Pick-up Truck
E36t Pick-up Truck $7,500

2010 E36v Utility Van
E36v Utility Van $7,500

Ferrari

1/1/10 to Present TBD TBD
2020–21 SF90 Stradale
SF90 Stradale $3,501

Fiat

1/1/10 to Present TBD TBD
2013–19 Fiat 500e
Fiat 500e $7,500

Fisker

1/1/10 to Present TBD TBD
2012 Fisker Karma Sedan
Fisker Karma $7,500

Ford

1/1/10 to Present TBD TBD
2012–18 Ford Focus EV
Ford Focus EV $7,500

2013–17 Ford C-Max Energi
Ford C-Max Energi $4,007

2013–18 Ford Fusion Energi
Ford Fusion Plug-in Hybrid $4,007

2019–20 Ford Fusion Energi
Ford Fusion Plug-in Hybrid $4,609

Ford/Azure Dynamics

1/1/10 to Present TBD TBD
2011–12 Transit Connect EV
Azure Dynamics Transit Connect $7,500

Honda

1/1/10 to Present TBD TBD
2014 Accord Plug-in Hybrid
Honda Accord Plug-in Hybrid $3,626

2018–19 Clarity Plug-in Hybrid
Honda Clarity Plug-in Hybrid $7,500

Hyundai

1/1/10 to Present TBD TBD
2017–19 Ioniq Electric
Ioniq Electric $7,500

2018–19 Ioniq Plug-in Hybrid Electric Vehicle
Ioniq Plug-in Hybrid Electric Vehicle $4,543

2019 Kona Electric Vehicle
Kona Electric Vehicle $7,500

2016–19 Sonata Plug-in Hybrid
Hyundai Sonata Plug-in Hybrid $4,919

Jaguar

1/1/10 to Present TBD TBD
2019 Jaguar I-Pace (First Edition, HSE, SE, S models)
2019 Jaguar I-Pace (First Edition, HSE, SE, S models) $7,500

2020 Jaguar I-Pace (HSE, SE, S models)
2020 Jaguar I-Pace (HSE, SE, S models) $7,500

Kandi

1/1/10 to Present TBD TBD
2019–20 Kandi EX3
Kandi EX3 $7,500

2019–20 Kandi K22
Kandi K22 $7,500

2020 Kandi K23
Kandi K23 $7,500

2020 Kandi K27
Kandi K27 $7,500

Karma

1/1/10 to Present TBD TBD
2018 Karma Revero
Karma Revero $7,500

Kia

1/1/10 to Present TBD TBD
2019–20 Niro EV
Niro EV $7,500

2018–20 Niro Plug-in Hybrid
Niro Plug-in Hybrid $4,543

2017–20 Optima Plug-in Hybrid
Kia Optima Plug-in Hybrid $4,919

2015–20 Soul Electric
Kia Soul Electric $7,500

Land Rover

1/1/10 to Present TBD TBD
2019 Range Rover PHEV (HSE)
Range Rover PHEV (HSE) $7,087

2019 Range Rover Sport PHEV (HSE)
Range Rover Sport PHEV (HSE) $7,087

2020 Range Rover PHEV
Range Rover PHEV $6,295

2020 Range Rover Sport PHEV
Range Rover Sport Sport PHEV $6,295

Lincoln

1/1/10 to Present TBD TBD
2020 Lincoln Aviator Grand Touring
Lincoln Aviator PHEV AWD $6,534

Mercedes-Benz

1/1/10 to Present TBD TBD
2014–17 B-Class EV
B-Class EV $7,500

2015–17 S550e PHEV
S550e Plug-in Hybrid $4,460

2016–18 GLE550e 4matic PHEV
GLE550e 4matic $4,460

2018–19 GLC350e 4matic PHEV
GLC350e 4matic $4,460

2016–18 C350e
C350e $3,501

MINI

1/1/10 to Present TBD TBD
2018–19 MINI Cooper S E Countryman ALL4
MINI Cooper SE Countryman ALL4 $4,001

2020 MINI Cooper S E Countryman ALL4
MINI Cooper SE Countryman ALL4 $5,002

2020 MINI Cooper S E Hardtop 2-Door
MINI Cooper S E Hardtop 2-Door $7,500

Mitsubishi

1/1/10 to Present TBD TBD
2012, 2014, 2016, 2017 i-MiEV
Mitsubishi i-MiEV $7,500

2018–20 Outlander Plug-in
Outlander Plug-in $5,836

Nissan

1/1/10 to Present TBD TBD
2011–19 Leaf
Nissan Leaf $7,500

Polestar Automotive

1/1/10 to Present TBD TBD
2020 Polestar 1
Polestar 1 $7,500

2021 Polestar 2
Polestar 1 $7,500

Porsche

1/1/10 to Present TBD TBD
2015–18 Cayenne S E-Hybrid
Porsche Cayenne S E-Hybrid $5,336

2019 Cayenne E-Hybrid
Porsche Cayenne S E-Hybrid $6,712

2014–16 Panamera S E-Hybrid
Porsche Panamera S E-Hybrid $4,752

2015 918 Spyder
Porsche 918 Spyder $3,667

2018 Panamera 4 E-Hybrid (E-Hybrid, E-Hybrid Sport Turismo, E-Hybrid Executive, Turbo S E-Hybrid, Turbo S E-Hybrid Executive)
Panamera 4 E-Hybrid $6,670

2019–20 Panamera 4 E-Hybrid (E-Hybrid, E-Hybrid Sport Turismo, E-Hybrid Executive, Turbo S E-Hybrid, Turbo S E-Hybrid Executive)
Panamera 4 E-Hybrid $6,712

2020 Taycan Turbo EV
Taycan Turbo EV $7,500

2020 Taycan Turbo S EV
Taycan Turbo S EV $7,500

smart USA

1/1/10 to Present TBD TBD
2011, 2013–18 fortwo electric vehicle (all)
smart fortwo electric vehicle $7,500

2019 EQ fortwo Coupe
smart EQ fortwo Coupe $7,500

2019 EQ fortwo Cabrio
smart EQ fortwo Cabrio $7,500

Subaru

1/1/10 to Present TBD TBD
2019–20 Crosstek Hybrid
Subaru Crosstek Hybrid $4,502

Tesla Motors

1/1/10 to 12/31/18 1/1/19 to 6/30/19 7/1/19 to 12/31/19
2012–20 Model S
Tesla Model S $7,500

$3,750

$1,875

2016–20 Model X
Tesla Model X $7,500

$3,750

$1,875

2020 Model 3 Standard Range
Tesla Model 3 Standard Range $7,500

$3,750

$1,875

2019–20 Model 3 Standard Range Plus
Tesla Model 3 Standard Range Plus $7,500

$3,750

$1,875

2017–20 Model 3 Long Range
Tesla Model 3 Long Range $7,500

$3,750

$1,875

2018–20 Model 3 Long Range AWD and AWD Performance
Tesla Model 3 Long Range AWD and AWD Performance $7,500

$3,750

$1,875

2018–20 Model 3 Mid Range
Tesla Model 3 Mid Range $7,500

$3,750

$1,875

2008–11 Roadster
Tesla Roadster $7,500

$3,750

$1,875

Think

1/1/10 to Present TBD TBD
2011 Think City EV
Think City EV $7,500

Toyota

1/1/10 to Present TBD TBD
2012–14 RAV4 EV
Toyota RAV4 EV $7,500

2012–15 Prius Plug-in Hybrid
Toyota Prius Plug-in Hybrid $2,500

2017–20 Prius Prime Plug-in Hybrid
Toyota Prius Prime Plug-in Hybrid $4,502

VIA Motors

1/1/10 to Present TBD TBD
2014 2500 Extended Range Electric Passenger Van
No photo $7,500

2014 1500 Extended Range Electric Truck 4WD (All body styles)
No photo $7,500

2014 2500 Extended Range Electric Cargo Van
No photo $7,500

2014 1500 Extended Range Electric Truck 2WD (All body styles)
No photo $7,500

Volkswagen

1/1/10 to Present TBD TBD
2015–19 e-Golf
Volkswagen e-Golf $7,500

Volvo

1/1/10 to Present TBD TBD
2019 S60
Volvo S60 $5,002

2020 S60
Volvo S60 $5,419

2018–19 S90
Volvo S90 $5,002

2020 S90
Volvo S90 $5,419

2020 V60
Volvo V60 $5,419

2018–19 XC60
Volvo S90 $5,002

2020 XC60
Volvo XC60 $5,419

2016–17 XC90
Volvo XC90 $4,585

2018–19 XC90
Volvo XC90 $5,002

2020 XC90
Volvo XC90 $5,419

2018–19 XC90 Excellence
Volvo XC90 Excellence $5,002

Wheego

1/1/10 to Present TBD TBD
2011 LiFe
Wheego LiFe $7,500

Zenith Motors

1/1/10 to Present TBD TBD
2014–2017 Electric Van
Zenith Electric Van $7,500

2016–2017 Electric Minibus
Zenith Electric Van $7,500

TBD = To be determined

Updated 2/24/20

To be certified for the credit by the manufacturer, the vehicle must meet the following requirements:

  • The vehicle must be made by a manufacturer (i.e., it doesn’t include conventional vehicles converted to electric drive).
  • It must be treated as a motor vehicle for purposes of title II of the Clean Air Act.
  • It must have a gross vehicle weight rating (GVWR) of not more than 14,000 lbs.
  • It must be propelled to a significant extent by an electric motor which draws electricity from a battery which
    • has a capacity of not less than 4 kilowatt hours and
    • is capable of being recharged from an external source of electricity.

The following requirements must also be met for a certified vehicle to qualify:

  • The original use of the vehicle commences with the taxpayer—it must be a new vehicle.
  • The vehicle is acquired for use or lease by the taxpayer, and not for resale. (The credit is only available to the original purchaser of a new, qualifying vehicle. If a qualifying vehicle is leased to a consumer, the leasing company may claim the credit.)
  • The vehicle is used mostly in the United States.
  • The vehicle must be placed in service by the taxpayer during or after the 2010 calendar year.

The credit begins to phase out for vehicles at the beginning of the second calendar quarter after the manufacturer has sold 200,000 eligible plug-in electric vehicles (i.e., plug-in hybrids and EVs) in the United States as counted from January 1, 2010. IRS will announce when a manufacturer exceeds this production figure and will announce the subsequent phase out schedule (Plug-In Electric Drive Motor Vehicle Credit Quarterly Sales).

Fill out Form 8936Adobe Acrobat Icon, Qualified Plug-in Electric Drive Motor Vehicle Credit.

For vehicles acquired for personal use, report the credit from Form 8936Adobe Acrobat Icon on the appropriate line of your Form 1040, U.S. Individual Income Tax ReturnAdobe Acrobat Icon.

For vehicles purchased in 2010 or later, this credit can be used toward the alternative minimum tax (AMT).

If the qualifying vehicle is purchased for business use, the credit for the business use of an electric vehicle is reported on Form 3800Adobe Acrobat Icon, General Business Credit.

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.

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