Please be advised, funding is no longer available for the one-time excise tax credit for a qualifying plug-in electric or fuel electric vehicle. If you have any questions, please
contact us.
You may be eligible for a one-time excise tax credit, up to $3,000, when you purchase a qualifying zero-emission plug-in electric or fuel cell electric vehicle. Effective July 1, 2023, based on funding availability, an individual may be entitled to receive an excise tax credit on a qualifying zero-emission plug-in electric or fuel cell electric vehicle regardless of whether you own or lease the vehicle. Business entities may also qualify for the tax credit on up to ten vehicles.
Subject to available funding, a credit is allowed for the purchase of a zero-emission plug-in electric or fuel cell electric vehicle. The credit may not exceed $3,000.
The criteria for a qualifying zero-emission plug-in electric or fuel cell electric vehicles are as follows:
- The vehicle must be made by a manufacturer primarily for use on public streets, roads, and highways.
- The vehicle cannot be modified from the manufacturer's specifications.
- The vehicle must be a new vehicle and purchased and titled for the first time on or after July 1, 2023, but before July 1, 2027.
- The vehicle must be acquired for use or lease by the taxpayer, and not for resale.
- The vehicle has a battery capacity of at least 5 kilowatt-hours, or if a motorcycle or auto cycle, has a battery capacity of at least 4.0 kilowatt-hours (applies only to plug-in electric)
- The vehicle has a base purchase price not exceeding $50,000.
The credit allowed is:
- $1,000 for a 2-wheeled, zero emission plug in electric drive or fuel cell electric motorcycle.
- $2,000 for a 3-wheeled, zero emission plug in electric drive or fuel cell electric motorcycle.
- $3,000 for a zero-emission plug in electric drive or fuel cell electric vehicle.
Note: The Base Purchase Price for the vehicle is the prominent price displayed on the window sticker of the vehicle. The base purchase price is the price before options and does not include optional upgrades, shipping charges, taxes, fees, or calculation of a trade-in allowance.
Form in English and Spanish:
- Excise Tax Request for a Plug-in Electric Vehicle or Fuel Cell Electric Vehicle (VR-334)
- Solicitud de Crédito de Impuestos al Consumo para Vehículos con Enchufe Eléctrico o a Pila de Combustible (VR-334S)
Submit a completed VR-334 form, copy/image of the window sticker, and a copy of the bill of sale to
us via email.
Tax credit requests received are subject to the availability of funding and will be calculated accordingly.
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EV Tax Credit FAQ