If you've purchased a new or used electric vehicle in 2023, 2024, or before September 30, 2025 you could be eligible to claim the Clean Vehicle Credit. This credit was described in an earlier video, but since that video was published, the IRS has produced a draft version of the revised Form 8936 needed to claim the credit.
This video reviews the basics of the Credit, and demonstrates how to claim the credit on Form 8936 using examples.
OBBBA ALERT: Under the One Big Beautiful Bill Act, the Clean Vehicle Credit expired September 30, 2025. Vehicles purchased before that date still qualify for the Credit. This video will remain public until April 15, 2026 to assist those preparing their 2025 taxes.
0:00 Introduction
0:50 A review of the Clean Vehicle Credit
3:00 Form 8936
3:30 Examples of how to claim the Credit
6:41 Conclusion
NOTE: As of the publication of this video, the IRS had still not released the final version of Form 8936 and Form 8936, Schedule A. As such, draft versions of the forms are shown. The final forms are expected to be similar.
The earlier video giving more details on the Credit can be found here: • The Clean Vehicle Credit (for 2023 and for...
Additional Information and Resources:
IRS Form 8936: "Clean Vehicle Credits": https://www.irs.gov/pub/irs-pdf/f8936...
IRS Form 8936, Schedule A: "Clean Vehicle Credit Amount": https://www.irs.gov/pub/irs-pdf/f8936...
Instructions for Forms 8936 and 8936, Schedule A: https://www.irs.gov/pub/irs-pdf/i8936...
To see if your clean vehicle qualifies for the Credit, click here: https://fueleconomy.gov/feg/tax2023.s...
Nerdwallet.com: "EV Tax Credit 2023-2024: Rules and Qualifications for Electric Vehicle Purchases": https://www.nerdwallet.com/article/ta...
The Tax Geek on the Site Formerly Known as Twitter: @taxgeekusa
The Tax Geek on Reddit: www.reddit.com/r/askataxgeek
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DISCLAIMER: This video is for educational and informational purposes only. It is not intended to render tax advice or financial advice for individual situations. If you have questions regarding your particular situation, please consult with a qualified tax or financial professional.