Form 8936: Clean Vehicle Credits

Federal Form 8936 is used to claim the Clean Vehicle Credit for the purchase or lease of qualifying electric vehicles (EVs) or plug-in hybrid electric vehicles (PHEVs). This tax form is used by taxpayers to claim a credit for vehicles that meet specific environmental and performance standards.

The Clean Vehicle Credit is part of a larger initiative to incentivize the adoption of clean, low-emission vehicles and reduce the U.S. carbon footprint. It can apply to new or used vehicles that meet the requirements, such as:

1. New clean vehicles:

   • This credit applies to fully electric or plug-in hybrid vehicles that meet specific battery capacity and emissions requirements.
   • The credit amount for new vehicles can vary (up to $7,500), depending on factors such as the vehicle's battery capacity and whether the vehicle is manufactured by a qualified U.S. or foreign manufacturer.

2. Used clean vehicles:

   • A smaller credit is available for used electric or plug-in hybrid vehicles. This credit applies to used EVs purchased from a dealer and is subject to specific price, income, and vehicle age limits.

The credit is designed to reduce the upfront cost of these vehicles and encourage more people to transition to clean transportation.

Form 8936 includes detailed information about:

• Vehicle identification details (make, model, and VIN)
• Battery capacity
• Manufacturer information
• The amount of credit you are claiming

It's important to meet all the eligibility requirements to qualify for this credit, which can vary depending on the model year, vehicle type, and income limits.