The credit amount was $2,917 for a vehicle with a battery capacity of at least 5 kilowatt hours (kWh), plus $417 for each kWh of capacity over 5 kWh (up to $7,500 max credit) – making almost every battery electric vehicle (BEV), fuel cell electric vehicle (FCEV), and plug-in hybrid electric vehicles (PHEV) qualified for at least a portion of that credit. market was eligible for the credit (up to $7,500), provided that it met some fairly basic criteria. Almost every electric vehicle sold in the U.S. Pre- Inflation Reduction Act going into effect at the beginning of 2023, federal electric clean vehicle tax credits (a must-read for anyone looking to purchase an electric vehicle) were very straightforward at the federal level. PHEV & Electric Vehicle State Tax Credit Discussion Federal Electric Vehicle Tax Credit (Pre-Inflation Reduction Act)
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