What is the Plug-in Electric Drive Motor Vehicle Credit?
Updated: 1/21/2013
Article ID: IAS10182
Reported on Form 8936, the Plug-In Electric Drive Motor Vehicle Credit applies to certain manufactured four wheel electric or plug-in hybrid electric vehicles which draw electricity from a battery recharged from an external source of electricity. The credit ranges from $2,500 to $15,000 depending on battery capacity and weight.