How To Get The Federal Tax Credit For Electric Vehicles
April 3 Update: We recently learned that the IRS has re-opened the portal through which dealers can submit time-of-sale reports, so if you are one of the people who purchased an electric vehicle in 2024 but did not receive the crucial time-of-sale report with which you file Form 8936, reach out to the dealership or store you purchased from and ask them to submit that time-of-sale report!
Back in November 2024, we wrote about the incoming federal administration’s intention to do away with the federal tax credit for electric vehicles (EVs). We’re now well into tax season in 2025, and the federal tax credit is still in existence — for now. However, we do have important news to share, whether you bought an EV in 2024 or are considering buying one in 2025.