{"id":2669,"date":"2022-03-14T16:27:22","date_gmt":"2022-03-14T21:27:22","guid":{"rendered":"https:\/\/going-places.thegeneral.com\/does-the-electric-vehicle-tax-credit-apply-to-used-cars\/"},"modified":"2025-08-27T10:05:01","modified_gmt":"2025-08-27T15:05:01","slug":"does-the-electric-vehicle-tax-credit-apply-to-used-cars","status":"publish","type":"post","link":"https:\/\/www.thegeneral.com\/going-places\/blog\/car-and-driving-basics\/does-the-electric-vehicle-tax-credit-apply-to-used-cars\/","title":{"rendered":"Does the Electric Vehicle Tax Credit Apply to Used Cars?"},"content":{"rendered":"\n<p>If you\u2019re shopping for an alternative-energy vehicle on a budget, a used electric vehicle might be a good fit for you. There are numerous perks that come with purchasing an electric vehicle, including tax credits. Sadly, the electric vehicle tax credit does not apply to used cars. You can find other <a class=\"Hyperlink SCXW193272186 BCX0\" href=\"https:\/\/www.thegeneral.com\/blog\/should-you-buy-a-used-electric-car\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW193272186 BCX0\" lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW193272186 BCX0\" data-ccp-charstyle=\"Hyperlink\">used electric vehicle<\/span><\/span><\/a> perks if you know where to look, and the savings that come with buying used might outweigh the benefits of the tax credit. Learn about the electric vehicle tax credit and where you can find used electric vehicle perks, below.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-electric-vehicle-tax-credit\">What Is the Electric Vehicle Tax Credit?<\/h2>\n\n\n\n<p>The electric vehicle tax credit is a tax credit for up to $7,500 on certain qualifying electric cars. It was passed in 2009 and applies to plug-in electric vehicles from 2010 and onward. The tax credit allows buyers to claim up to $7,500 in credit against their federal income taxes in the year they bought the car. Some car manufacturers advertise the tax credit as a discount, but shoppers pay the full price for the car at the time of purchase and <a class=\"Hyperlink  BCX0 SCXW169795143\" href=\"https:\/\/www.thegeneral.com\/blog\/buying-a-car-during-tax-season\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined  BCX0 SCXW169795143\" lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun  BCX0 SCXW169795143\" data-ccp-charstyle=\"Hyperlink\">redeem the tax credit<\/span><\/span><\/a> at the end of the year.<\/p>\n\n\n\n<p>There are some stipulations that come with the electric vehicle tax credit. Certain types of electric vehicles, including Tesla and General Motors, don\u2019t qualify for the tax credit anymore. The full tax credit only applies to the first 200,000 vehicles a manufacturer builds. After companies hit that milestone, the tax credit gradually declines until it reaches zero. Tax credits on <a class=\"Hyperlink  BCX0 SCXW53817107\" href=\"https:\/\/www.thegeneral.com\/blog\/car-insurance-leased-car\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined  BCX0 SCXW53817107\" lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun  BCX0 SCXW53817107\" data-ccp-charstyle=\"Hyperlink\">leased electric vehicles<\/span><\/span><\/a> go to the car\u2019s manufacturer and not to the driver, but some manufacturers will use the tax credit amount to lower your monthly payments. Lastly, the tax credit only applies to new electric vehicles.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-where-to-find-used-electric-vehicle-perks\">Where to Find Used Electric Vehicle Perks<\/h2>\n\n\n\n<p>While the tax credit doesn\u2019t apply to used electric vehicles, there are plenty of incentives at the state and local levels for drivers with used electric cars. Depending on where you live, there may be multiple perks for both individuals and businesses. Some perks include rebates, reduced vehicle taxes, carpool-lane access, exemptions from registration or inspection fees, free municipal parking, and a tax credit for installing an at-home charging station.<\/p>\n\n\n\n<p>If you can\u2019t find incentives at the state level, some power companies offer rebates to drivers who make the change to cleaner energy. For example, Edison International has a clean fuel rewards program that offers $1,000 back to eligible electric vehicle owners. Organizations such as the U.S. Department of Energy and Plug In America have resources you can use to locate perks in your area. Do your research on state incentives before shopping, as some incentives are time-sensitive and may have expired.<\/p>\n\n\n\n<p>If you decide to purchase an electric vehicle, you\u2019re going to need quality insurance at an affordable price. The General has a range of different policies for every driver, regardless of driving record <a class=\"Hyperlink SCXW193583259 BCX0\" href=\"https:\/\/www.thegeneral.com\/blog\/buying-a-car-with-bad-credit\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined SCXW193583259 BCX0\" lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun SCXW193583259 BCX0\" data-ccp-charstyle=\"Hyperlink\">or credit score<\/span><\/span><\/a>. You can get a <a class=\"Hyperlink  BCX0 SCXW193583259\" href=\"https:\/\/www.thegeneral.com\/quote\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined  BCX0 SCXW193583259\" lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun  BCX0 SCXW193583259\" data-ccp-charstyle=\"Hyperlink\">quote<\/span><\/span><\/a> in under two minutes or visit our <a class=\"Hyperlink  BCX0 SCXW100781191\" href=\"https:\/\/www.thegeneral.com\/blog\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"TextRun Underlined  BCX0 SCXW100781191\" lang=\"EN-US\" data-contrast=\"none\"><span class=\"NormalTextRun  BCX0 SCXW100781191\" data-ccp-charstyle=\"Hyperlink\">blog<\/span><\/span><\/a> to explore more articles about all things cars.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn if the electric vehicle tax credit applies to used electric cars with The General. Learn the tax benefits of buying a used electric car vs. buying new.<\/p>\n","protected":false},"author":7,"featured_media":2670,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[55],"tags":[],"class_list":["post-2669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-car-and-driving-basics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Does the Electric Vehicle Tax Credit Apply to Used Cars? | The General<\/title>\n<meta name=\"description\" content=\"Learn if the electric vehicle tax credit applies to used electric cars with The General. 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