Tax credits for used electric vehicles

Krishnamoorthi outlines a tax credit for qualifying used electric or fuel-cell vehicles bought from a licensed dealer. The credit is 30% of the sale price, up to $4,000, for vehicles priced at $25,000 or less; buyers must have modified adjusted gross income below $75,000, or $150,000 for joint filers. Eligible vehicles must also meet age, weight and other requirements. Starting in 2024, buyers may transfer the credit to a dealer as a point-of-sale rebate.

Context: The page presents the credit rules as of its June 15, 2023 update; it is an in-office constituent information resource, not a campaign statement.

In their own words

The credit equals 30% of the sale price up to a maximum credit of $4,000.

The source

Raja Krishnamoorthi: official policy priorities

Published: Original date not established; campaign context manually checked
Retrieved: 11/10/2026