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Old 07-27-2015, 02:48 PM
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Tax credit on a new 2014 electric car

I am considering purchasing a brand new never titled 2014 all electric car. The car has been sitting on the dealer lot for nearly eighteen months. Part of the my decision will be based upon whether or not I would be eligible for the $7500 federal tax credit. My initial thought is that this car is eligible, since I am the first titled owner. Am I correct in my thinking and are there any other issues that I need to investigate? As I read the regulation it doesn't say anything about the model year of the car, just that I be the first titled owner.

Thanks.

Len



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