Are you eligible for the EV tax credit?

KeySavvy enables private party sales to qualify for the EV tax credit. Use this tool to determine if your EV is eligible.

Selling an EV?

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Check your eligibility

We'll ask you about the buyer, seller, and vehicle. Your answers help us to determine if your transaction qualifies for the used EV tax credit.

What's the sale price of the vehicle, before tax?

Frequently Asked Questions

Private party sales are not normally eligible for the EV tax credit, unless you use KeySavvy.

Normally, the seller must be a licensed dealership. When you use KeySavvy to buy an EV, you're buying from a licensed dealership, so your purchase will qualify, if all other requirements are met.

Yes! According to fueleconomy.gov, Teslas are now eligible for the Used Clean Vehicle Tax Credit, as long as all other eligibility criteria are met.

The maximum tax credit is 30% of the purchase price, up to $4,000. The credit also cannot exceed your total income tax liability for the year.

You can choose to transfer your credit to KeySavvy or claim it when you file your federal income tax return. For purchases in 2024, you would claim the tax credit when you file your taxes in early 2025. If you choose to transfer your credit to us, we'll apply the amount of the credit to your transaction so you'll only need to pay the remainder.

No, the buyer must be a person.

Yes. The buyer's modified adjusted gross income in the current year or the prior year must be less than:

  • $150,000 for married filing jointly
  • $112,500 for heads of households
  • $75,000 for all other filers

View the full criteria on the IRS Used Clean Vehicle Tax Credit page.

You can only claim the used EV tax credit once every 3 years.

Yes! Qualified buyers can apply the full EV tax credit toward the purchase of eligible electric vehicles with KeySavvy.

How does this work? If the sale price is $25,000 and qualifies for the maximum $4,000 credit, the buyer pays $21,000 to KeySavvy, and the seller receives the full $25,000 (minus our fee). After the buyer picks up the vehicle, the IRS pays us the remaining $4,000 directly.

You can search for qualifying EVs or PHEVs on any marketplace, but most sites don't make it easy to filter by EV-specific criteria, like battery size. We recommend checking out our partner Find My Electric for buying and selling EVs. They have the largest selection of private party listings and have built tools specifically to help EV buyers and sellers.

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