Other Taxes and Recaptures - Recapture of Qualified Electric Vehicle - 8834 - Tax Years 2020 and prior
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A taxpayer may be able to take this credit if they acquired a qualified plug-in electric vehicle after February 17, 2009. A qualified vehicle can have 2, 3, or 4 wheels. A vehicle with 4 wheels must be a low speed vehicle.
Amount of credit. The credit is 10% of the cost of the vehicle, limited to $2,500 per vehicle.
Qualified vehicle. A qualified plug-in electric vehicle is a motor vehicle the original use of which starts with the taxpayer and that:
- Is acquired for your use or lease and not for resale,
- Is made by a manufacturer,
- Is manufactured primarily for use on public streets, roads, and highways,
- Has a gross vehicle weight rating of less than 3,000 pounds if it has 4 wheels and less than 14,000 pounds if it has 2 or 3 wheels,
- Is a low speed vehicle if it has 4 wheels, and
-
Is propelled to a significant extent by an electric motor that draws electricity from a battery that:
- Has a capacity of at least 4 kilowatt hours (2.5 kilowatt hours
in the case of a vehicle with 2 or 3 wheels),and - Is capable of being recharged from an external source of electricity.
Additional Information:
- Has a capacity of at least 4 kilowatt hours (2.5 kilowatt hours