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Can you get the electric car tax credit twice?
I bought an electric car in 2020 and received the electric car tax credit while I filed my taxes last year. Would I be able to receive the tax credit again this year when filing?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
First of all, congrats on getting your first electric car! As electric car infrastructure expands across the nation, it’ll definitely become a popular choice for drivers in the coming years.
To address your question, you can only claim the
tax credit
once for each qualifying vehicle. However, if you were to purchase another qualifying new electric car, you would be able to claim anothe tax credit.The tax credit also must be claimed in the year that the vehicle was purchased. Regardless of the year, you’re able to claim a credit for each electric car purchased.
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