Frequently Asked Questions About the New, Previously-Owned and Qualified Commercial Clean Vehicles Credit

 

These FAQs were released to the public in Fact Sheet 2022-42PDF, December 29, 2022.

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.