Here's how to get a $4,000 tax credit on a used electric car
Fox News
The Inflation Reduction Act includes a used electric vehicle credit worth up to $4,000 for vehicles that are at least two years old and sold for under $25,000.
Gary Gastelu is FoxNews.com's Automotive Editor covering the car industry and racing @foxnewsautos
It doesn't go into effect until 2024 and won't apply to a lot of the cars you find on Craigslist or Facebook Marketplace, however.
The credit is only available for vehicles that are sold through a licensed dealer for $25,000 or less and have been in service for at least two years. It is only valid for the first time a vehicle is being resold from new.
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