What is a new clean vehicle for purposes of the new clean vehicle credit? (updated October 6, 2023)Ī1. 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.

The IRA also added a new credit for previously-owned clean vehicles under § 25E of the Code.

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. Updated FAQs were released to the public in Fact Sheet 2023-22 PDF, Oct.