Magi of 175000 single man purchased a crossover electrical vehicle how much would he be eligible for under the clean car vehicle credit

As of my knowledge cutoff in early 2023, the Clean Vehicle Credit (formerly known as the Electric Vehicle Tax Credit) is part of the Inflation Reduction Act of 2022, which updated the requirements and credit amounts for electric vehicles (EVs). For a single man with a modified adjusted gross income (MAGI) of $175,000 purchasing a new electric vehicle, he would generally be eligible for the credit as long as his income is below the phase-out thresholds, which are $150,000 for single filers, $225,000 for head of household filers, and $300,000 for married couples filing jointly. The credit amount can be up to $7,500 for a new electric vehicle, but it depends on several factors, including: 1. The vehicle must be new and purchased for use or lease and not for resale. 2. The original use of the vehicle must commence with the taxpayer—it must be a new vehicle. 3. The vehicle must be primarily used in the United States. 4. The vehicle must meet specific battery capacity requirements and be manufactured by a qualified manufacturer. 5. The vehicle must be placed in service after December 31, 2009, and purchased before the credit phase-out begins for the specific manufacturer. Additionally, starting in 2023, there are new requirements related to final assembly in North America and critical mineral and battery component sourcing that could affect eligibility. It's important to note that the credit is nonrefundable

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