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How do I report an electric vehicle purchase on my taxes?

I just bought my first electric car and I’m hoping to get the electric vehicle tax credit to get some money back off the purchase price. How do I report an electric vehicle purchase on my taxes?

avatar
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
First of all, congrats on buying your first
electric car
! It’s a great time to not only save yourself money on gas but to also do something good for the environment.
To report your new car purchase on your taxes and get your
tax credit
, you’ll need to complete Form 8936 for the Qualified Plug-in Electric Drive Motor Vehicle Credit. Follow the instructions on the
IRS website
to complete this form and get your tax credit. You could get up to $7,500!
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