45W Commercial Clean Vehicles

Eligible entities: Businesses and non-taxpaying entities, including states, local governments, Tribal Nations, and Non-profits

Agency: Treasury Department

When: Tax credit available starting in 2023 for vehicles purchased after  Dec 31, 2022 and before Dec 31, 2032

Description: Tax credit for commercial purchase of electric or other zero-emission vehicles. Credit is up to $7,500 for light-duty or $40,000 for heavy-duty vehicles, calculated as the lesser of 30% of vehicle cost (if not gasoline or diesel fueled) or the incremental cost of the vehicle.  

Requirements: Final assembly of the vehicle in North America 

Direct Pay: Yes

30C Alternative Fuel Vehicle Refueling Property 

Eligible Entities: Businesses, individuals and non- tax-paying entities, including states, local governments, Tribal Nations, and Non-profits

Agency: Treasury Department

When: Current. Restriction to low-income or non-urban areas begins Jan 2023. Program ends Dec 31, 2032

Description: Tax credit for electric vehicle charging and alternative fuel infrastructure installed in low-income or rural census tracts. Tax credit is equal to 30% of the cost of any qualified alternative fuel vehicle refueling property, including infrastructure for electric vehicle charging, ethanol (at least 85%), or biodiesel (at least 20%). 

Restrictions: Prevailing wage and apprenticeship requirements must be met to receive the full 30% credit 

Direct Pay: Yes

Questions about these programs or other programs in IRA? Contact Tansy Massey-Green at [email protected]