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Maximum qualified plug-in electric drive motor vehicle credit

SOLVEDby IntuitLacerte Tax45Updated September 24, 2021

This article explains how to claim the maximum credit amount for business/investment use of an electric vehicle on Form 8936.

  • The maximum amount of the credit for business/investment use part of an electric vehicle is $2,500.
  • Additional amounts can be added to the base amount if certain conditions are met.
    • The additional credit is available for vehicles with at least four wheels and a capacity of more than 5 kilowatt hours.
  • The credit maximum increases incrementally $417 per additional kilowatt-hour in excess of 5 hours, up to a maximum of $7,500.

How to claim the additional credit amount

  1. Go to Screen 34, General Business & Vehicle Credits.
  2. Scroll down to the section Vehicle Credits (8910, 8936).
  3. Under subsection Form 8936, enter the Kilowatt hour capacity (x.xxx) for the vehicle.

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