Transitioning America’s transportation sector to clean energy is a huge priority in President Biden’s Investing in America plan — and making sure drivers and consumers can more easily access and afford clean vehicles is key to achieving our zero-emissions goals. 

That’s why President Biden signed into law three financial incentives to make it easier to purchase new or used clean vehicles — including cars, vans, SUVs, and pick-up trucks. Click through the cards to learn about eligibility for vehicles purchased in 2023 or beyond: 

Driver in front of electric vehicle

Electric or Fuel Cell Vehicle (new)

Incentive Type: Tax Credit 

Incentive Amount: Up to $7,500 for eligible buyers of qualified clean vehicles 

How to Access: Submit IRS Form 8936 when filing your taxes if you meet the requirements detailed on IRS.gov. 

⚠️ There are eligibility requirements for both the consumer and the vehicle. Find eligible vehicles on FuelEconomy.gov. Starting in 2024, the tax credit can be transferred to the dealer to lower your upfront purchase price. 

⚠️ If you are considering buying an electric vehicle, you may need to consider a home charger and/or upgrades to your outlet to facilitate faster charging. Credits exist for both. 

Electric or Fuel Cell Vehicle (used)

Incentive Type: Tax Credit 

Incentive Amount: Up to $4,000 for eligible buyers of qualified, previously-owned clean vehicles 

How to Access: Submit IRS Form 8936 when filing your taxes if you meet the requirements detailed on IRS.gov. Visit FuelEconomy.gov for a list of eligible used vehicles. 

⚠️ There are eligibility requirements for both the consumer and the vehicle.  

Learn more about your eligibility on vehicles purchased prior to 2023.

In addition to making vehicle purchases and home charger installations easier to access and more affordable, the Departments of Energy and Transportation are working together to build a nationwide EV charging network across all 50 states, the District of Columbia, and Puerto Rico. On top of that, we’re prioritizing rural and urban communities that have so far been underserved by EV charging infrastructure. 

Learn more about the Joint Office of Energy and Transportation and see how this collaboration is working to make clean vehicles a logical, affordable choice for people across the country. 

U.S. Secretary of Energy Jennifer M. Granholm appeared on The Late Show to talk about building a nationwide EV charging network and making clean vehicles accessible for all.
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