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Tax, EV Credit & Insurance Questions: Co-ownership

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SageBrush

REJECT Fascism
May 7, 2015
14,862
21,485
New Mexico
I am buying an EV, that I plan at a later date to transfer to another person who is not in my household.

I'm wondering how co-ownership would affect the EV tax credit, and whether I could remove myself from the title at a later date without triggering another round of excise (~ property) tax. Also in the mix would be how co-ownership would affect car insurance.

Thanks for any insights