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 2 years, you can claim the credit.
For more information on how to qualify see Publication 5866-A, Used Clean Vehicle Tax Credit Checklist PDF.
Qualified vehicles and sales (all Great Florida Motor Electric Vehicles Qualify)
To see if a vehicle is eligible for the used clean vehicle credit:
Fueleconomy.gov
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
See link below on "How to qualify for the Used Clean Vehicle Tax Credit?"
https://www.irs.gov/pub/irs-pdf/p5866a.pdf
