Electric vehicle tax credits, rebates and other incentives
Federal Credit
$4,000Maximum RebateUnder the Inflation Reduction Act of 2022, the Internal Revenue Service (IRS) offers taxpayers a Used Clean Vehicle Tax Credit equal to 30% of the sale price up to a maximum credit of $4,000 for the purchase of a used plug-in electric or hydrogen fuel cell vehicle. Beginning January 1, 2024, Clean Vehicle Tax Credits may be initiated and approved at the point of sale at participating dealerships registered with the IRS. Dealers will be responsible for submitting Clean Vehicle Tax Credit information to the IRS. Buyers are advised to obtain a copy of an IRS "time of sale" report, confirming it was submitted successfully by the dealer.
For the vehicle to qualify:
- Price cannot exceed $25,000.
- Need to verify the Vehicle Identification Number (VIN).
- Must be at least two model years older than the current calendar year in which the vehicle was purchased.
- Must be sold through a dealership, private sales not permitted.
- Not have already been transferred after August 16, 2022, to a qualified buyer.
For individuals to qualify:
- Must meet income eligibility, depending on modified adjusted gross income (AGI) and tax filing status.
- Must not be the first owner of the qualifying vehicle.
- Has not been allowed a credit under this section for any sale during the 3-year period ending on the date of the sale of such vehicle.
- Purchased for personal use, not a business, corporation or for resale.
To learn more, visit https://www.irs.gov/credits-deductions/used-clean-vehicle-credit
Used 2017 Mercedes-Benz B-Class Electric Drive
$4,000Vehicle RebatesUsed 2016 Mercedes-Benz B-Class Electric Drive
$4,000Vehicle RebatesUsed 2014 Mercedes-Benz B-Class Electric Drive
$4,000Vehicle RebatesUsed 2015 Mercedes-Benz B-Class Electric Drive
$4,000Vehicle Rebates
Federal EV Tax Credits Overview
Federal EV Tax Credit Incentive #1: North American Final Assembly
Federal EV Tax Credit Incentive #2: Origin of Critical Battery Minerals ($3,750 Tax Credit)
Federal EV Tax Credit Incentive #3: Origin of Battery Components ($3,750 Tax Credit)
Federal EV Tax Credit Incentive #4: No Involvement by Blacklisted Countries After 2023
Federal EV Tax Credit Incentive #5: Price Limits
Federal EV Tax Credit Incentive #6: Buyer Income Limits
FAQ
EV Tax Credits Vehicle Eligibility
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