IRA Statuatory Location:
Tax Code Location:
26 U.S. Code § 25E
New or Modified Provision:
Yes, point of sale transfer to registered dealers (definition of dealer includes persons licensed by Indian Tribal governments to engage in the sale of vehicles)
U.S. Department of Treasury
To provide a tax credit for consumers of pre-owned clean vehicles.
Direct Pay Eligibility:
Yes. Starting in 2024, transferable only to the dealer at point of sale under section 25E(f) but not under section 6418.
Energy Community Bonus:
Related ResourcesAdditional information is available on the Resources page.
Period of Availability
Generally, vehicles placed in service in 2023-2032.
Tax credit for consumers
Base Credit Amount:
The lesser of $4,000 or 30% of sale price
Bonus Credit Amount: