New York A08832 establishes a tax credit for the purchase of new and used electric vehicles.

New York A08832 amends the tax law to introduce a tax credit for the purchase of new and used electric vehicles. The credit amounts to $7,500 for new electric vehicles and $4,000 for used electric vehicles. This credit applies to taxable years beginning on or after January 1, 2026. The definition of "electric vehicles" includes motor vehicles propelled by electric motors using energy stored in batteries or other devices, excluding electric personal assistive mobility devices.

New York A08832 establishes a tax credit for the purchase of new and used electric vehicles.

New York A08832 amends the tax law to introduce a tax credit for the purchase of new and used electric vehicles. The credit amounts to $7,500 for new electric vehicles and $4,000 for used electric vehicles. This credit applies to taxable years beginning on or after January 1, 2026. The definition of "electric vehicles" includes motor vehicles propelled by electric motors using energy stored in batteries or other devices, excluding electric personal assistive mobility devices.