The US federal government offers a tax credit of up to $7,500 for the purchase of a new qualified plug-in EV or fuel cell vehicle (FCV) that was placed in service on or after January 1, 2023 and meets certain income limitations. To be eligible for the credit, the vehicle must have undergone final assembly in North America and have an MSRP of no more than $80,000 for vans, sport utility vehicles, and pickup trucks, or $55,000 for other vehicles. The manufacturer determines the eligibility of specific vehicles and must meet these requirements. To determine if a specific vehicle meets the assembly requirements, the vehicle’s VIN can be checked using the Department of Energy’s VIN Decoder tool.

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