Current Incentives2
Commercial Electric Vehicle (EV) and Fuel Cell Electric Vehicle (FCEV) Tax Credit
A tax credit available to businesses and tax-exempt organizations for the purchase of new EVs and FCEVs, with specific battery capacity requirements and maximum credit limits.
Eligibility
- Vehicle Types: EV, PHEV
- Purchase/Lease: purchase
- New/Used: new
Program Details
- Authority: U.S. Internal Revenue Service
- Status: active
- Start Date: 2023-01-01
- End Date: 2025-09-30
Key Facts
- Tax credit available for new EVs and FCEVs purchased by businesses and tax-exempt organizations.
- Maximum credit of $7,500 for vehicles under 14,000 lbs and $40,000 for vehicles above 14,000 lbs.
- Credit cannot be combined with the Clean Vehicle Tax Credit.
Electric Vehicle (EV) and Fuel Cell Electric Vehicle (FCEV) Tax Credit
The Clean Vehicle Credit offers up to $7,500 for eligible EVs and FCEVs, with requirements for final assembly in North America and additional criteria for vehicles placed in service after January 1, 2023.
Eligibility
- Vehicle Types: EV, PHEV
- Purchase/Lease: purchase
- New/Used: new
Program Details
- Authority: U.S. Internal Revenue Service
- Status: active
- Start Date: 2022-08-17
- End Date: 2025-09-30
Key Facts
- Credit applies to vehicles with final assembly in North America.
- Up to $7,500 credit available for eligible vehicles.
- Additional requirements for vehicles placed in service after January 1, 2023.
Previous Incentives0
No expired incentives on record for Federal.
Important Notice
While MyEV strives to maintain accurate and current information, incentive programs can change without notice. Always verify eligibility and current terms directly with the official program administrators before making purchase decisions.
Data sourced from the U.S. Department of Energy Alternative Fuels Data Center and official Federal government resources.