Additional information is available on the Resources page.
Period of Availability
Vehicles placed in service after 1/1/23 and acquired before 1/1/33.
Tax credit for commercial use or lease
Base Credit Amount:
The amount of the credit is the lesser of (a) 15% of the vehicles basis (i.e. its cost to the purchaser) or 30% for vehicles without internal combustion engines, or (b) the amount the purchase price exceeds the price of a comparable internal combustion vehicle. The credit is capped at $7,500 for vehicles < 14,000 lbs and $40,000 for all other clean vehicles.