What is the Used Clean Car Credit?

If you’re shopping for a quality used electric vehicle (EV) or fuel cell vehicle (FC) from our Wesley Chapel dealership that’s less than $25,000, you could be eligible for a used clean vehicle tax credit. This credit is about 30% of the sale price and up to the max credit of $4,000. Learn more about this tax credit and how it works below, and don’t hesitate to contact us if you have any questions.

Who Qualifies for the Used Clean Car Credit?

How does the federal EV tax credit work for used vehicles? Remember, there’s no sales tax in Florida, so this is your primary tax credit. To qualify for this tax credit for buying a used and qualified plug-in electric vehicle (EV) or fuel cell vehicle (FVC), which includes cars and light trucks, you must:

• Be the person who purchased the used vehicle
• Not be the original owner
• Not be claimed as a dependent on another person’s tax return
• Not have claimed another used clean vehicle credit in the three years preceding the purchase date

Your modified adjusted gross income (AGI) can’t exceed:

• $150,000 for married filing jointly or a surviving spouse
• $112,500 for heads of households
• $75,000 for all other filers

What Used Cars Qualify for the Used EV Tax Credit?

For your vehicle to qualify, it must meet all of the requirements below:

• Have a sale price of $25,000 or less.
• Have a model year at least two years earlier than the calendar year when you buy it. For example, if you purchase a vehicle in 2023, the vehicle’s model year should be 2021 or older.
• Not have been transferred after August 16, 2022, to a qualified buyer.
• Have a gross vehicle weight rating of less than 14,000 pounds.
• Be an eligible FCV or plug-in EV with a battery capacity of at least 7-kilowatt hours.
• Be for use primarily in the United States.

Don’t hesitate to reach out to our sales team near Tampa for additional information. 

Buy a Used Clean EV Vehicle Near Lakeland at Wesley Chapel Toyota!

Are you ready to trade in your vehicle for a quality pre-owned EV vehicle? Call us at our St. Pete-area dealership today! Our team is standing by to help you find a used car that checks all the boxes without breaking the bank. Have any questions about choosing an EV vehicle for the current Florida EV incentives? We can help with that as well!