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Buyer inspecting the charge port of a used electric car on a dealer lot

Used EV Buying Checklist: 12-Point Inspection Guide

12-09-2026 0
Short answer: Before you buy any used EV, pull a battery health report (State of Health above 85% for cars under 5 years old), verify the original 8-year/100,000-mile battery warranty transfers to you, and confirm the car's sale price is $25,000 or less to qualify for the up to $4,000 used EV tax...
Car key and calculator on a kitchen table with loan paperwork out of focus

EV Loan Interest Deduction: What You Can Claim

11-09-2026 0
Short answer: For a personal-use EV loan, interest is generally not deductible. For a business-owned EV, the interest is fully deductible as a business expense on Form 1120 or Schedule C, provided the vehicle is used more than 50% for business. If you itemize, you cannot claim it on Schedule A. The...