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How big is the used EV tax credit?

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What if a buyer has insufficient tax liability to fully use a transferred credit?
Can I use the used EV tax credit to reduce my upfront payment with Caramel?
What are the qualifications for the used EV tax credit?
How big is the used EV tax credit?
How do I apply the tax credit with Caramel?

How big is the used EV tax credit?

Aug 3, 2025
ㆍ
Updated

The tax credit extends up to $4,000.  However, it is capped at the lower of: a) 30% of your purchase price before taxes and fees, b) your income tax liability for the year.

Related articles

How do I apply the tax credit with Caramel?
What are the qualifications for the used EV tax credit?
Why is my private party sale eligible for the used EV tax credit with Caramel?
Can I use the used EV tax credit to reduce my upfront payment with Caramel?
Does Caramel charge a fee?
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