Question

Electric Vehicle tax credit: 1)Are leased vehicles eligible? 2)Do I qualify for any credit if the cost of our vehicle was greater than the $55,000 MSRP Requirement?

Forum|Forum|1 year ago
February 27, 2025
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1)Are leased vehicles eligible? NO. Only purchased vehicles are eligible for the EV Credit.

2)Do I qualify for any credit if the cost of our vehicle was greater than the $55,000 MSRP Requirement? Yes. The credit is based on the MSRP, NOT the price you actually pay. If it was a van, SUV or Pickup Truck, then yes, the amount is up to $80,000. If it was anything else, then the $55,000 MSRP applies.

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