New Report: EV Tax Credits Ineligible

Who authored the report? US Department of Treasury Inspector General

What did it find?

• IRS has no process to detect false claims for the credit
• IRS has no process to prevent false claims for the EV credit

Recommendations:

• Cross check VIN numbers with 3rd party VIN databases
• Develop a compliance program at IRS to ensure EVs are the only vehicles claiming the credit
• Cross check VIN numbers of EVs leased too
• IRS should offer guidance to tax examiners for compliance

US Department of Treasury Inspector General | Millions of Dollars in Potentially Erroneous Qualified Plug-In Electric Drive Motor Vehicle Credits Continue to Be Claimed Using Ineligible Vehicles