EV Tax Credit: How It Works and Which Vehicles Qualify | EUROtoday

The hardest roads to navigate in an electrical car often is the forking paths of the tax code.

EV patrons can rise up to $7,500 in tax financial savings proper on the dealership, beneath adjustments to the regulation that went into impact Jan. 1. By distinction those that drove an EV off the lot final yr have to assert the tax credit score on their 2023 tax return, which is due April 15 for many taxpayers.