Once your eligibility is verified, you may elect to apply the EV tax credit to reduce your final vehicle payment or you may claim the credit on your tax return. How Do I File? Your Clean Vehicle Report is available in your Tesla Account, which is a necessary document to claim your EV tax credit on Form 8936., Internal Revenue Code § 30D provides a credit of up to $7,500 to qualified buyers of new clean vehicles. For vehicles to be eligible for the credit, the Qualified Manufacturer (QM) must meet several requirements, including those related to qualifying content of critical minerals and battery components (CMBC)., Automakers that had their electric vehicle tax credits phased out due to hitting the 200,000 vehicles sold in the U.S. market mark (GM, Tesla, and Toyota) are newly re-eligible for up to the full federal EV tax credits, provided the vehicles fall under the new MSRP guidelines and all other criteria are met., The Internal Revenue Service (IRS) and the Department of Energy’s FuelEconomy.gov site maintain and regularly update lists of qualifying vehicles. These resources provide clarity on which models and trims meet the requirements., The $7,500 EV tax credit ends Sept 30, 2025. See eligible models like Tesla, Ford, GM, and Hyundai. Act fast and pair with EVDANCE smart chargers., Form 8936 is used to claim the federal Clean Vehicle Credit, which can be worth up to $7,500 if you bought a new qualifying electric or plug-in hybrid vehicle. The credit isn’t just about the car—it also depends on your income. For 2025, if you earn more than $150,000 as a single filer or $300,000 as a joint filer, you may not qualify..