plug-in electric vehicle credit

GPTKB entity

Statements (29)
Predicate Object
gptkbp:instanceOf gptkb:tax_law
gptkbp:administeredBy gptkb:Internal_Revenue_Service
gptkbp:amendedBy Inflation Reduction Act provisions in 2023
gptkbp:appliesTo plug-in hybrid vehicles
battery electric vehicles
plug-in electric vehicles
gptkbp:batteryRequirement critical mineral and component sourcing requirements (after 2022)
minimum battery capacity of 7 kWh (prior to 2023)
gptkbp:compatibleWith used vehicles (prior to 2023)
gptkbp:country gptkb:United_States
gptkbp:eligibility vehicle must be used primarily in the United States
new qualified plug-in electric drive motor vehicle
vehicle must be purchased for use, not resale
gptkbp:enactedBy gptkb:Energy_Improvement_and_Extension_Act_of_2008
https://www.w3.org/2000/01/rdf-schema#label plug-in electric vehicle credit
gptkbp:maximumLoanAmount $7,500
applies for vehicles purchased after 2022
gptkbp:phaseOutCondition credit phases out after manufacturer sells 200,000 qualifying vehicles
gptkbp:purpose encourage adoption of electric vehicles
gptkbp:relatedLegislation gptkb:American_Recovery_and_Reinvestment_Act_of_2009
gptkb:Inflation_Reduction_Act_of_2022
gptkbp:stateIncentives may be combined with state-level incentives
gptkbp:taxStatus Form 8936
gptkbp:taxYearEffective 2009
gptkbp:transferredTo dealer (starting 2024)
gptkbp:type federal incentive for electric vehicles
gptkbp:vehiclePriceLimit applies for vehicles purchased after 2022
gptkbp:bfsParent gptkb:Public_Law_111-5
gptkbp:bfsLayer 7