Tax Warrior Chronicles

Electric Vehicle Tax Credit Explained, Tesla No Longer Eligible

Posted on Mon, Feb 15, 2021

By; Sam Battista

 

To protect the environment and combat climate change, Congress passed laws resulting in Internal Revenue Code Section 30D, which provides a tax credit for the purchase of qualified electric motor vehicles. Let's discuss what vehicles qualify and other important details about the Plug-in Electric Drive Motor Vehicle Credit. Aspiring Tesla owners should pay close attention.

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