EV and PHEV Federal Tax Credit

WHAT
• Federal tax credit is offered for EV or PHEV acquisition
• Federal tax credit is separate from state or other rebates, such as the California Clean Vehicle Program (CVRP) $1,500 PHEV rebate or $2,500 EV rebate (visit
https://cleanvehiclerebate.org/eng for more information on CVRP)

HOW MUCH IS THE FEDERAL TAX CREDIT?
Niro PHEV: $4,543
Optima PHEV: $4,919
Soul EV: $7,500


HOW IT WORKS
If vehicle is leased:
• If the vehicle is leased through Kia Motors Finance, tax credit is automatically rolled into the customer's monthly payment
• Monthly lease payment reflects the tax credit
• No further work needed by customer or dealer
• If the vehicle is not leased through Kia Motors Finance, dealer should contact its respective financial institution about how this tax credit is processed

If vehicle is purchased:
• Customer must directly apply for the tax credit from the IRS
• www.irs.gov/pub/irs-pdf/f8936.pdf
• Print IRS form 8936 below
Click on the PDF to download the form.