The IRS Form 8936 is used to claim an electric vehicle tax credit for qualified vehicles. In order to claim the credit, the vehicle must generally meet the following requirements for 2023:

1. The Vehicle must be new (exceptions apply for qualified used vehicles).
2. The vehicle must be propelled by an electric motor that draws electricity from a battery, and the battery is recharged by an external power source.
3. The gross vehicle weight must be less than 14,000 pounds.
4. The vehicle's final assembly occurred in North America.
5. MSRP is not more than $50,000 ($80k applies to vans & SUVs).

If you have doubts about whether the vehicle qualifies, you can check the following websites to look up the year, make & model.

FuelEconomy: https://fueleconomy.gov/feg/tax2023.s...
IRS Website: https://www.irs.gov/creditsdeduction...

For more videos on energy tax credits:
   • Energy Efficient Credits and Incentiv...  

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