![]() One distinctive trait about the 2015 Chevrolet Volt is that it offers a longer electric-only range than most plug-in hybrids (think 40-ish miles). Somewhere between those two extremes is the 2015 Chevrolet Volt, a plug-in electric hybrid that offers electric-vehicle benefits like gasoline-free commutes, without the restriction of being tethered to a plug for long journeys. Whether you want a diesel sedan that will take you more than 800 miles between fill-ups or an electric-only vehicle that has just enough power for your morning commute, there's something out there that meets your needs. See All EV incentives See All EV Insights For an individual head of household, $112,500, and.Purchased for personal use, not a business, corporation or for resale.Īn individual's modified adjusted gross income may not exceed:.With respect to whom no deduction is allowable with respect to another taxpayer under section 151.Who has not been allowed a credit under this section for any sale during the 3-year period ending on the date of the sale of such vehicle.Only available to an individual who is not the first owner of the qualifying vehicle and: ![]() Must be the first transfer of title since Januand vehicle must be sold through a dealership, private sales not permitted.Used vehicle must be at least two model years older than the current calendar year in which the vehicle was purchased.Gross vehicle weight rating must be less than 14,000 pounds.Verification of the vehicle's Vehicle Identification Number (VIN).Department of the Treasury.Įligibility under the Previously-owned clean vehicles Credit for Battery Electric (BEV), or Plug-in Hybrid PHEV vehicles are: Restrictions: Beginning January 1, 2023, qualified previously owned electric vehicle or fuel cell vehicle purchased for $25,000 or less, may be eligible for a tax credit under The Inflation Reduction Act of 2022 (Previously-owned clean vehicles).įor used vehicles sold on or after January 1, 2023, the Clean Vehicle Credit provisions are subject to updated guidance from the Internal Revenue Service (IRS) and the U.S.
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