Restrictions on vehicle history for the used EV tax credit?

Discussion in 'General' started by SkepTeach, Sep 8, 2023.

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  1. SkepTeach

    SkepTeach New Member

    Apologies if this has been asked before, but I didn't have luck searching for it. I am considering buying a '21 EV under $25k and I haven't been able to find definitive information about whether the vehicle's history of being either a personal car or a loaner/rental/commercial in the past would affect its qualification for the credit. If everything else checks out regarding the car's age, price, not being registered after August '22 to a qualifying buyer, and if my personal stats qualify me for the credit, does it matter what the car was originally registered for?

    Also, that $25k price cap is super frustrating, especially when the new caps are as high as $80k! What was the rationale for the used EV credit to be $25k? That rules out or at least makes very unlikely many high range, quicker charging options.
     
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