EV Tax Credit Qualifiers

Charge Up, Cruise On

Instant EV Tax Credit at point of sale for qualified buyers!  See details below for qualifications.

SAVE ON MORE THAN JUST GAS

Federal Rebates

  • Earn a tax credit of up to $7,500 for a new EV purchase, up to $4,000 for a pre-owned EV purchase, and up to $1,000 for a home charging station.
  • Visit IRS.GOV for details. Tax credit eligibility varies based on purchase date, vehicle make, battery size, and other qualifications.

Wisconsin Utility Incentives

  • Local electric utilities provide incentives to EV owners including vehicle purchase and charging station rebates and special electric rates.
  • Visit INCENTIVES.DRIVEELECTRICWI.ORG and search your address or ZIP code to find your utility’s EV offerings!

Who Qualifies

You may qualify for a credit for buying a previously owned, qualified plug-in electric vehicle (EV) or fuel cell vehicle (FCV), including cars and light trucks, under Internal Revenue Code Section 25E.

To qualify, you must:

  • Be an individual who bought the vehicle for use and not for resale
  • Not be the original owner
  • Not be claimed as a dependent on another person’s tax return
  • Not have claimed another used clean vehicle credit in the 3 years before the purchase date

In addition, your modified adjusted gross income (AGI) may not exceed:

  • $150,000 for married filing jointly or a surviving spouse
  • $112,500 for heads of households
  • $75,000 for all other filers

You can use your modified AGI from the year you take delivery of the vehicle or the year before, whichever is less.  If your income is below the threshold for 1 of the two years, you can claim the credit.

Qualified Vehicles and Sales

To qualify, a vehicle must meet all of these requirements:

  • Have a sale price of $25,000 or less. Sale price includes all dealer-imposed costs or fees not required by law. It doesn’t include costs or fees required by law, such as taxes or title and registration fees.
  • Have a model year at least 2 years earlier than the calendar year when you buy it. For example, a vehicle purchased in 2023 would need a model year of 2021 or older.
  • Not have already been transferred after August 16, 2022, to a qualified buyer.
  • Have a gross vehicle weight rating of less than 14,000 pounds
  • Be an eligible FCV or plug-in EV with a battery capacity of least 7 kilowatt hours
  • Be for use primarily in the United States

To see if a vehicle is eligible for the used clean vehicle credit,

The sale qualifies only if:

2 Vehicles Matching:

Disclaimer: Used Clean Vehicle Tax Credit

Please note that the information provided on our website regarding electric vehicle (EV) tax credits is for general informational purposes only. The eligibility for federal, state, or local EV tax credits for used vehicles can vary based on a variety of factors, including but not limited to the vehicle’s age, its battery capacity, and the purchaser’s tax situation.

We strongly advise all potential buyers to consult with a tax professional or visit the official IRS website and relevant state or local government websites to obtain the most current information regarding EV tax credits and incentives. Our dealership does not provide tax, legal, or accounting advice. This information is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.

We are committed to providing our customers with accurate and up-to-date information to the best of our ability, but we cannot guarantee the applicability or accuracy of any tax credit information as it pertains to your specific situation. Our goal is to assist you in making informed decisions about your vehicle purchase, but the responsibility for verifying eligibility for EV tax credits rests with the purchaser.

For more information and to check your eligibility for any EV tax credits or incentives, please contact a qualified professional or visit the appropriate governmental websites such as https://www.irs.gov/credits-deductions/used-clean-vehicle-credit.

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