If you purchase a qualifying plug-in hybrid or electric vehicle, you may be able to claim a federal tax. The credit has been reworked, but the details below can be used for informational purposes.
The following plug-in hybrids, according to the IRS, are eligible for the Qualified Plug-In Electric Drive Motor Vehicle Tax Credit. General Motors and Tesla vehicles are generally not eligible for the tax credit. The amounts vary based on the power storage capability of the battery.
This credit may start to phase out once a company has sold 200,000 qualifying vehicles. Cadillac, General Motors, and Tesla were the only companies to reach this threshold for plug-in hybrids (GM) and plug-in electric vehicles (Tesla). Thus, these hybrid and electric vehicles purchased in 2022 and prior are not eligible for a tax credit. For vehicles purchased after 2023, the phaseout no longer applies. The phaseout period begins by allowing taxpayers to claim 50% of the credit if the purchasing of the vehicle took place in the first two quarters since the phaseout initiated. From there, 25% of the credit can be claimed for the second two quarters. See General Motors in the table below to see an example of these amounts.
American Honda Motor Co., Inc.
Accord Plug-In Hybrid (2014)
$3,626
American Honda Motor Co., Inc.
Clarity Plug-In Hybrid (2018-2021)
$7,500
Audi of America, LLC
A3 e-tron (Ultra) (2016-2018)
$4,502
Audi of America, LLC
A8L PHEV (2020); Q5 PHEV;
Q5 TFSI e Quattro (2020),
A7 55 TFSI e Quattro (2021)
$6,712
Audi of America, LLC
A7 & Q5 TFSI e Quattro (2022),
$7,500
Bentley
Bentayga Hybrid (2020 - 2021)
$7,500
BMW of America
i3(s) Sedan (2014-2021); X5 xDrive45e (2021);
$7,500
BMW of America
i8 Coupe (2019, 2020); i8 Roadster (2019, 2020)
$5,669
BMW of America
i8 (2014-2020)
$3,793
BMW of America
X5 xDrive40e (2016-2018)
$4,668
BMW of America
330e (2016-2018);
MINI Cooper S E Countryman ALL4 (2018-2019)
$4,001
BMW of America
530e (xDrive) (2018, 2019); 740e (xDrive) (2018, 2019)
$4,668
BMW of America
745e xDrive (2020-2021); 530e (xDrive) (2020-2021);
330e (xDrive) (2021); X3 xDrive30e (2020-2021)
$5,836
BMW of America
MINI Cooper S E Countryman ALL4 (2020-2022)
$5,002
FCA (Fiat, Chrysler Automobiles) North America Holding, LLC.
Chrysler Pacifica PHEV (2017-2021)
$7,500
Ferrari
SF90 Stradale (2020-2021)
$3,501
Fisker Automotive
Karma Sedan (2012)
$7,500
Ford Motor Company
C-MAX Energi (2013-2017); Fusion Energi (2013-2018)
$4,007
Ford Motor Company
Fusion Energi (2019-2020)
$4,609
Ford Motor Company; Lincoln
Ford Escape Plug-in Hybrid (2020-2021);
Lincoln Corsair (Reserve) Grand Touring (2021-2022)
$6,834
Ford Motor Company; Lincoln
Lincoln Aviator Grand Touring (2020-2021)
$6,534
General Motors, LLC.
Chevrolet Volt (2011-2019);
Cadillac ELR (2014, 2016);
Cadillac CT6 Plug-In (2017-2018)
*$7,500 if acquired through 3/31/2019;
$3,750 (4/1/2019 - 9/30/2019);
$1,875 (10/1/2019 - 3/31/2020)
Hyundai
Ioniq EPlug-In Hybrid Electric Vehicle (2018-2021)
$4,543
Hyundai
Sonata Plug-in Hybrid Electric Vehicle (2016-2019)
$4,919
Hyundai
Tucson Plug-in Hybrid (2022); Santa Fe Plug-in Hybrid (2022)
$7,500
Jaguar Land Rover North America, LLC.
Land Rover Range Rover (Sport) PHEV (HSE) (2019)
$7,087
Jaguar Land Rover North America, LLC.
Range Rover (Sport, SE, Autobiography models) PHEV (2023);
$7,500
Jaguar Land Rover North America, LLC.
Range Rover (Sport, HSE, Autobiography models) PHEV (2020 - 2022);
$6,295
Jeep
Jeep Wrangler 4xe PHEV (2021)
$7,500
Karma
Revero (2018)
$7,500
Kia Motors America, Inc.
Optima Plug-In Hybrid (2017-2021)
$4,919
Kia Motors America, Inc.
Niro Plug-In Hybrid (2018-2022)
$4,543
Kia Motors America, Inc.
Sorento Plug-In Hybrid (2022)
$6,587
Lexus, Toyota Inc.
NX Plug-In Hybrid (2022)
$7,500
McLaren LLC
Artura (2022)
$4,585
Mercedes-Benz USA, LLC
S550e PHEV (2015-2017);
GLE550e 4m PHEV (2016-2018);
GLC350e 4M PHEV (2018-2019)
$4,460 (revised 1/24/2018)
Mercedes-Benz USA, LLC
C350e PHEV (2016-2018)
$3,501 (revised 1/24/2018)
Mercedes-Benz USA, LLC
GLC 350 4M EQ (2020);
S560e EQ PHEV (2020)
$6,462
Mitsubishi Motors North America, Inc.
Outlander PHEV (2018-2020)
$5,836
Mitsubishi Motors North America, Inc.
Outlander PHEV (2021)
$6,587
Polestar Automotive USA Inc.
Polestar 1 (2020)
$7,500
Porsche Cars North America, Inc.
918 Spyder (2015)
$3,667
Porsche Cars North America, Inc.
Cayenne S E-Hybrid (2015-2018)
$5,336
Porsche Cars North America, Inc.
Cayenne E-Hybrid (Coupe) (2019-2020);
Panamera 4 PHEV (all models) (2019-2020)
$6,712
Porsche Cars North America, Inc.
Panamera S E-Hybrid (2014-2016)
$4,752
Porsche Cars North America, Inc.
Panamera 4 PHEV (all models) (2018)
$6,670
Porsche Cars North America, Inc.
Panamera 4 PHEV (all models) (2021-2022)
$7,500
Subaru
Crosstrek Hybrid (2019-2021)
$4,502
Toyota Motor Sales, U.S.A., Inc.
Prius Plug-in Hybrid (2012-2015)
$2,500
Toyota Motor Sales, U.S.A., Inc.
Prius Prime Plug-in Hybrid (2017-2021)
$4,502
Toyota Motor Sales, U.S.A., Inc.
RAV4 Prime Plug-In Hybrid (2021)
$7,500
VIA Motors, Inc.
2500 Extended Range Electric Passenger Van (2014);
VIA 1500 Extended Range Electric Truck 4WD (all body styles) (2014);
2500 Extended Range Electric Cargo Van (2014);
1500 Extended Range Electric Truck 2WD (All body styles) (2014)
$7,500
Volvo Cars of North America, LLC
S60 (2019); XC60 (2018-2019);
S90 (2018-2019);
XC90 (Excellence) (2018-2019)
$5,002
Volvo Cars of North America, LLC
S60 (2020-2021); S90 (2020-2021); V60 (2020-2021);
XC60 (2020-2021); XC90 (2020-2021)
$5,419
Volvo Cars of North America, LLC
XC90 (2016-2017)
$4,585
Volvo Cars of North America, LLC
S60, S90, V60, XC60, & XC90 Extended Range (2022)
$7,500
Do you own or want to invest in any of these vehicles? Make sure you get the most out of your investment when you file your taxes. Claim the credit via Form 8936 and eFileIT on eFile.com. Start your return now - see how eFile.com compares to TurboTax® or H&R Block®.