Used Clean Vehicle Credit

North Bend Chevrolet is an IRS approved used clean vehicle dealer. On select EV vehicles for $25,000 or less, you may be eligible for a used clean vehicle tax credit that you can use at the time of sale. The credit equals 30% of the sale price up to a maximum credit of $4,000.

Who Qualifies

You may qualify for a tax credit for buying a previously owned, qualified plug-in electric vehicle (EV) or fuel cell vehicle (FCV).

To qualify, you must:

  • Be an individual who bought the vehicle for use and not for resale
  • Not be the original owner
  • Not be claimed as a dependent on another person’s tax return
  • Not have claimed another used clean vehicle credit in the 3 years before the purchase date

In addition, your modified adjusted gross income may not exceed:

  • $150,000 for married filing jointly or a surviving spouse
  • $112,500 for heads of households
  • $75,000 for all other filers

You can use your modified gross income from the year you take delivery of the vehicle or the year before, whichever is less.  If your income is below the threshold for 1 of the two years, you can instantly apply the tax credit at the time of sale.

Qualified Vehicles and Sales

To qualify, a vehicle must meet all of these requirements:

  • Have a sale price of $25,000 or less. Sale price includes all dealer-imposed costs or fees not required by law. It doesn’t include costs or fees required by law, such as admin fees, taxes or title and registration fees.
  • Have a model year at least 2 years earlier than the calendar year when you buy it. For example, a vehicle purchased in 2024 would need a model year of 2022 or older.
  • Not have already been transferred after August 16, 2023, to a qualified buyer.
  • Have a gross vehicle weight rating of less than 14,000 pounds
  • Be an eligible FCV or plug-in EV with a battery capacity of least 7 kilowatt hours
  • Be for use primarily in the United States

To see if a vehicle is eligible for the used clean vehicle credit click here

Required Information

Required information includes:

  • Buyer’s name and taxpayer ID number
  • Sale date and sale price
  • Vehicle identification number (VIN)

To See If You Qualify On A Vehicle Call 425-888-0781 Ext 1

Internal Revenue Code Section 25E
Used Clean Vehicle Credit