IRA download the new for windows1/14/2024 Purchasing a Used Clean Vehicle - Requirements For this credit, see this list of qualified vehicles. Up to $4,000 for buyers of qualified, previously owned clean vehicles.Next, you can determine which of these credits applies to you: You’ll also need to know the vehicle model. To find out if your purchase will qualify, you’ll first need to decide whether you’re interested in a new or used vehicle. Three new tax credits are available to individual purchasers of clean vehicles. Summary of Tax Credits for New and Used Clean Vehicles and Charging Equipment If you’ve been saving up to purchase a clean vehicle of your own, here’s what you should know.ĭownload the new clean vehicle tax credit checklist or used clean vehicle tax credit checklist. The Inflation Reduction Act (IRA) provides new opportunities for consumers to save money on clean vehicles, offering multiple incentives for the purchase or lease of electric vehicles (EVs), plug-in hybrid vehicles, fuel cell vehicles, and associated equipment such as chargers. These vehicles are more efficient than gas-powered vehicles, so you can save hundreds of dollars per year on fuel and significantly reduce pollution.
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