IRS: New plug-in electric drive motor vehicles added to credit list

The IRS has added Audi, MINI, and Toyota Prius models to the list of vehicles that are eligible for the plug-in electric drive motor vehicle credit under [Code Sec. 30D(a)]

  • The 2020 Audi e-tron Sportback is eligible for the maximum credit of $7,500. The 2020 Audi A8L PHEV and Audi Q5 PHEV are eligible for a credit of $6,712.

  • The 2020 MINI Cooper S E Hardtop 2 Door and MINI Cooper S E Hardtop are eligible for the maximum credit of $7,500. The 2020 and 2021 MINI Cooper S E Countryman ALL4s are each eligible for a credit of $5,002.

  • The 2021 Toyota RAV4 Prime Plug-In Hybrid is eligible for the maximum credit of $7,500. The 2020, 2021 Prius Prime Plug-in Hybrid is eligible for a credit of $4,502.

References: For the new qualified plug-in electric drive motor vehicle credit, see [FTC 2d/FIN ¶L-18031]; United States Tax Reporter ¶30D4.

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