Businesses and tax-exempt organizations may qualify for the new Commercial Clean Vehicle Credit

April 3, 2023

Businesses and tax-exempt organizations that buy a qualified commercial clean vehicle may qualify for a tax credit of up to $40,000.

There is no limit on the number of credits your business can claim. For businesses, the credits are nonrefundable, so you can't get back more on the credit than you owe in taxes.

To see how to claim the credit, who qualifies and vehicle requirements visit the Commercial Clean Vehicle Credit page of IRS.gov.

Visit the frequently asked questions page of IRS.gov for more information.