Frequently asked questions about the New, Previously-Owned and Qualified Commercial Clean Vehicles Credit


Updated FAQs were released to the public in Fact Sheet 2024-14 PDF, April 2024.

The Inflation Reduction Act of 2022 (IRA) makes several changes to the tax credit provided in § 30D of the Internal Revenue Code (Code) for qualified plug-in electric drive motor vehicles, including adding fuel cell vehicles to the § 30D tax credit. The IRA also added a new credit for previously owned clean vehicles under § 25E of the Code.

These FAQs provide detail on how the IRA revises the credit available under § 30D (New Clean Vehicle Credit) for individuals and businesses, and information on the credit available under § 25E (Previously Owned Clean Vehicle Credit) for individuals, and the new credit for qualified commercial clean vehicles under § 45W of the Code.

Here are links to the frequently asked questions related to the new, previously owned and qualified commercial clean vehicles credit.

Previous updates to FAQs