Since the qualifies for the maximum tax credit, the amount of Clean Vehicle Tax Credit is c. $7,500.
How the maximum tax credit is determined:
The Internal Revenue Service (IRS) allows the maximum tax credit of $7,500 once the requirements are met.
If the vehicle is placed in service between January 1 and April 17, 2023, the credit amount is up to $7,500, which is the maximum.
For vehicles placed in service from April 18, 2023, the credit amount is up to $3,750.
Thus, we can conclude that Tommy's new clean electric vehicle (EV) purchased in 2023 will get Option C in Clean Vehicle Tax Credit.