The Brief Federal tax credits up to $7,500 are available for new electric, plug-in hybrid and fuel cell vehicles purchased through September 2025. Used electric and plug-in hybrid cars may qualify for a separate credit of up to $4,000. Federal tax credits of up to $7,500 are available for buyers of new all-electric, plug-in hybrid and fuel cell electric vehicles purchased through Sept. 30. To qualify, buyers must enter into a written contract and make a payment before the Sept. 30 deadline. Pre-owned electric and plug-in hybrid vehicles bought during the same period may qualify for a separate tax credit of up to $4,000.