The federal tax credit of up to $7,500 for new EVs and up to $4,000 for used EVs is no longer available. If you purchased or leased a qualifying vehicle before the end of September 30, there are a few steps you must take to make sure you obtain the credit.
Steps to Make Sure You Receive the Tax Credit
To receive the tax credit, you must have purchased or leased a qualifying EV from a dealership that has registered with IRS and signed all paperwork and made a payment by the end of September 30, 2025.
- Confirm that you received the following copies within three days of purchase : a) the time-of-sale report submitted by the dealer and b) a copy of the confirmation from the IRS of successful submission.
- If you did not receive a copy of the time-of-sale report, contact the dealership that you purchased from ASAP to get a copy of the report.
- Complete form 8936 when filing your taxes, whether you received the tax credit at the point-of-sale or if you opted to receive it at tax time. This form verifies that you meet the income limits for the new or used tax credit.
Remember that Massachusetts and Rhode Island still offer EV incentives to help residents save on the cost of an EV.