0423 Publ 5724-G (PDF) — verbatim text

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/p5724g.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

Clean Vehicle Credit Reference Chart¶

	Clean Vehicle Credit	Used Clean Vehicle Credit
Eligible Taxpayers	Individuals and certain commercial taxpayers	Individuals (Limited to one credit every 3 years)
Maximum Credit Amount	$7,500 $3,750 for vehicles meeting the critical minerals requirement $3,750 for vehicles meeting the battery components requirement SeeQualifying Vehiclesat FuelEconomy.gov	Lesser of $4,000 or 30% of the sales price
Taxpayer’s Income Limits	Credit is allowed if modifed adjusted gross income (MAGI) for the year the credit is claimed or the prior tax year is less than: ■ $300,000 (married fling jointlyor qualifying surviving spouse) ■$225,000 (head of household) ■ $150,000 (all other flers)	Credit is allowed if modifed adjusted gross income (MAGI) for the year the credit is claimed or the prior tax year is less than: ■ $150,000 (married fling jointlyor qualifying surviving spouse) ■ $112,500 (head of household) ■$75,000 (all other flers)

	Clean Vehicle Credit	Used Clean Vehicle Credit
Manufacturing Location Requirements	Final assembly must occur within North America (efective 8/16/2022)	Not applicable
VIN Reporting Requirements	Seller must fle a seller report with the VIN and other information to the IRS & Taxpayers must report the VIN on their tax return	Seller must fle a seller report with the VIN and other information to the IRS & Taxpayers must report the VIN on their tax return
Transferability	Taxpayers can elect to transfer credit to an eligible entity (efective after 12/31/2023)	Taxpayers can elect to transfer credit to an eligible entity(efective after 12/31/2023)
Expiration of Credit	12/31/2032	12/31/2032

Publication 5724-G (4-2023) Catalog Number 93918J Department of the Treasury Internal Revenue Service www.irs.gov