Sellers of new clean vehicles and dealers of used clean vehicles must meet reporting requirements for those vehicles to be eligible for a credit under IRC 30D and 25E. Who qualifies Sellers of vehicles that are eligible for a new clean vehicle credit under IRC 30D must furnish a report to the buyer at the time of sale and also to the IRS for those vehicles to be eligible for a credit under IRC 30D. This includes manufacturers who sell directly to customers. Dealers who sell vehicles eligible for a used (previously owned) vehicle credit under IRC 25E must furnish a report to the buyer at the time of sale and also to IRS for those vehicles to be eligible for a credit under IRC 25E. A dealer is a person licensed to sell motor vehicles by a state, the District of Columbia, an Indian tribal government, or any Alaska Native Corporation. Electric vehicles (EVs) and fuel cell vehicles (FCVs) eligible for tax credits include: New vehicles eligible under Internal Revenue Code (IRC) Section 30D Previously owned vehicles eligible under IRC 25E Report required information For a buyer to receive a tax credit, sellers and dealers must report clean vehicle credit information to the buyer at the time of sale and to the IRS. Report 2024 and later information to the IRS For eligible clean vehicles placed in service on or after January 1, 2024, you must submit all reports through IRS Energy Credits Online within 3 calendar days of the date of sale. You must also provide the buyer with a copy of the accepted seller report submitted to IRS Energy Credits Online within 3 calendar days of the date of submission. As IRS Energy Credits Online provides real-time confirmation of a vehicle's eligibility using VINs provided by manufacturers, we strongly recommend this submission occurs prior to finalizing a sale and when the buyer places the vehicle in service. However, you may submit the seller report to IRS Energy Credits Online within 3 calendar days of the time of sale. Your first step in reporting is to register your business as a vehicle seller or dealer on IRS Energy Credits. Register your business for clean vehicle credits Report 2023 information to the IRS Revenue Procedure 2022-42, Section 6.03 provides that sellers must file reports within fifteen days after the end of the calendar year (i.e., January 15, 2024). The IRS extended the due date sellers had to provide these reports until February 15, 2024 as per Revenue Procedure 2024-12. As a result, for vehicles placed in service in calendar year 2023, you must have submitted the required information about a qualifying clean vehicle sale to the IRS by February 15, 2024. Report information to buyers For vehicles placed in service in 2024 or later, providing buyers a copy of the seller report submitted to IRS Energy Credits Online and the confirmation that the IRS accepted the submission meets your reporting obligation. For vehicles placed in service in 2023, you needed to provide the following information to buyers at the time of sale: Seller/Dealer name and taxpayer ID number Buyer's name and taxpayer ID number Maximum credit allowable under IRC 30D for new vehicles or IRC 25E for previously owned vehicles Vehicle identification number (VIN), unless the vehicle is not assigned one Battery capacity Date of sale Sale price For new vehicles, verification that the buyer is the original user Each report must include a declaration of accuracy signed by a representative of your business with binding authority. The declaration must read: "Under penalties of perjury, I declare that I have examined this report submitted to the IRS pursuant to Revenue Procedure 2022-42 by [insert name of Seller], and to the best of my knowledge and belief I certify that this report is true, correct, and complete." Find more details in Rev. Proc. 2022-42, Submission of Information to IRS by Qualified Manufacturers of Clean Vehicles, Previously Owned Clean Vehicles, and Commercial Clean Vehicles; Submission of Information to IRS by Sellers of Clean Vehicles and Previously Owned Clean Vehicles and Rev. Proc. 2023-33, Transfer of Credit under Sections 30D and 25E from Taxpayer to Eligible Entity and Updated Requirements for Qualified Manufacturers and Sellers. Related Publication 5900, Important Information for Consumers Transferring Clean Vehicle Tax Credits PDF Clean Vehicle Credit qualified manufacturer requirements Credits for new clean vehicles purchased in 2023 or after Credits for new electric vehicles purchased in 2022 or before Used Clean Vehicle Credit Commercial Clean Vehicle Credit Credits and deductions under the Inflation Reduction Act of 2022 Frequently asked questions about the New, Previously Owned and Qualified Commercial Clean Vehicles Credit Publication 5862, Energy Credits Online: Register for Energy Credits Online PDF Publication 5863, A Step-By-Step Guide for New and Used Clean Vehicle Dealers and Sellers for the Energy Credits Online PDF Publication 5864, New and Previously Owned Clean Vehicle Credit Time of Sale Reporting with Energy Credits Online PDF Publication 5865, Clean Vehicle Credit Transfer PDF Publication 5866, New Clean Vehicle Tax Credit Checklist PDF Publication 5866-A, Used Vehicle Tax Credit Checklist PDF Publication 5867, Clean Vehicle Dealer and Seller Energy Credits Online Registration User Guide PDF Publication 5867-A, Clean vehicle time of sale reporting user guide PDF Dealer registration frequently asked questions Laws IRC 30D IRC 25E IRC 45W Rev. Proc. 2024-26 Rev. Proc. 2024-12 Rev. Proc. 2023-33 Rev. Proc. 2022-42
