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Tax Credit for Used Electric Vehicles for Working Families

This act amends the Internal Revenue Code to provide a tax credit for previously-owned qualified plug-in electric drive motor vehicles. The credit is subject to taxpayer income limitations and vehicle price caps. Citizens can receive a tax credit, lowering their annual tax obligations.
Key points
A new tax credit of up to $2,500 for purchasing a previously-owned plug-in electric drive motor vehicle.
The credit applies to vehicles with a sale price under $25,000 and must be the first transfer since the act's enactment.
Income limitations apply: the credit is reduced for individuals earning over $75,000 annually ($150,000 for joint filers).
The vehicle's model year must be at least two years older than the calendar year of acquisition, and the buyer must not have claimed this credit in the past three years.
A Vehicle Identification Number (VIN) must be included on the tax return, and the seller must provide a certificate.
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Additional Information
Print number: 117_S_2537
Sponsor: Sen. Feinstein, Dianne [D-CA]
Process start date: 2021-07-29
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Affordable EVs for Working Families Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2537.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-07-29.

What are the main provisions?

Key points include:

  • A new tax credit of up to $2,500 for purchasing a previously-owned plug-in electric drive motor vehicle.
  • The credit applies to vehicles with a sale price under $25,000 and must be the first transfer since the act's enactment.
  • Income limitations apply: the credit is reduced for individuals earning over $75,000 annually ($150,000 for joint filers).
  • The vehicle's model year must be at least two years older than the calendar year of acquisition, and the buyer must not have claimed this credit in the past three years.
  • A Vehicle Identification Number (VIN) must be included on the tax return, and the seller must provide a certificate.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Feinstein, Dianne [D-CA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes Transport