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Your $7500 electric car tax credit: Everything you need to know.


HERE’S HOW THE EV TAX CREDIT WORKS

After you purchase your Electric Car, you fill out a special form – IRS Form 8936 – to include with your tax return. The size of your vehicle and its battery capacity determines the amount of credit you get.

The credit starts to phase out for a given electric vehicle once 200,000 qualifying vehicles have been sold for use in the U.S., but no automaker has reached that cap yet. For more information, see Notice 2009-89.

As you’re filling out the form, there are some additional instructions from the IRS that can be found here. As always, if you need any additional help, reach out to us at[email protected].

WE’VE GOT YOUR BACK

At EZ-EV, we have everything you need to save time and money while driving electric. Read more about our exclusive deals on EVs and our comprehensive tips for EV owners here.