#Good news! The IRS has extended the tax deadline to April 18th! As long as you submit your federal return by midnight on 4/18/2018, you won't be considered a late filer for your federal return. Direct debit tax payments that are submitted with your federal return (or on the IRS website) by 4/18 are also considered timely filed ×

Who is eligible for the qualified plug-in electric drive vehicle credit

You might be eligible for the qualified plug-in electric drive motor vehicles credit if you started driving an eligible four-wheel passenger vehicle or light truck in 2017 or an eligible two-wheel vehicle in 2016 and start driving it in 2017.

If your vehicle has four wheels, it must draw propulsion energy from a battery with at least four kilowatt hours and be capable of being recharged from an external source of energy. It also must have a gross weight of less than 14,000 pounds. If it has two wheels, the same rules apply, with a variance of 2.5 kilowatt hours instead of four, and it must be capable of achieving at least 45 mph.

You must also meet the following requirements:

  1. You must be the owner of the vehicle. If the vehicle is leased, only the lessor and not the lessee, is entitled to the credit.
  2. You placed the vehicle in service during 2017.
  3. The vehicle is manufactured primarily for use on public streets, roads, and highways.
  4. The original use of the vehicle began with you.
  5. You used the vehicle primarily in the United States.
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