Summary of Government Instant Credit for the Purchase of EV-Hybrid and Electric Vehicles

This limited-time incentive program is set to expire at the end of September 2025

Up to $4,000, calculated as 30% of the vehicle's sale price for electric vehicles and hybrids.

More Information from US Government

Who Qualifies for the EV-Hybrid BMVW Credit?

  • Must be an individual using the hybrid or electric vehicle for personal use
  • Must not have claimed another EV-Hybrid BMVW or electric vehicle credit in the past 3 years.
  • Income limits:
    • $150,000 for married filing jointly or surviving spouse.
    • $112,500 for heads of households.
    • $75,000 for all other filers.

Vehicle Requirements for EV-Hybrid and Electric Vehicles

  • Year model must be at least 2 years old relative to the purchase year.
  • Battery capacity must be at least 7 kilowatt hours.
  • The total sale price including dealer fees must not exceed $25,000.
  • It must be purchased from a qualifying dealer that's registered with the IRS.