Updated FAQs were released to the public in Fact Sheet 2024-26 PDF, July 2024. The Inflation Reduction Act of 2022 (IRA) makes several changes to the tax credit provided in section 30D of the Internal Revenue Code (Code) for qualified plug-in electric drive motor vehicles, including adding fuel cell vehicles to the section 30D tax credit. The IRA also added a new credit for previously owned clean vehicles under section 25E of the Code. These FAQs provide detail on how the IRA revises the credit available under section 30D (New Clean Vehicle Credit) for individuals and businesses, and information on the credit available under section 25E (Previously Owned Clean Vehicle Credit) for individuals, and the new credit for qualified commercial clean vehicles under section 45W of the Code. Here are links to the frequently asked questions related to the new, previously owned and qualified commercial clean vehicles credit. Topic A — Eligibility rules for the New Clean Vehicle Credit Topic B — Income and price limitations for the New Clean Vehicle Credit Topic C — When the new requirements apply to the New Clean Vehicle Credit Topic D — Eligibility rules for the Previously Owned Clean Vehicles Credit Topic E — The income and price limitations for Previously Owned Clean Vehicles Topic F — Claiming the Previously Owned Clean Vehicles Credit Topic G — Qualified Commercial Clean Vehicles Credit Topic H — Transfer of New Clean Vehicle Credit and Previously Owned Clean Vehicles Credit Topic I — Registering a dealer/seller for seller reporting and Clean Vehicle Tax Credit transfers Topic J — Seller report information for buyers of New and Previously Owned Clean Vehicle Tax Credits beginning in 2024 Previous updates to FAQs Fact Sheet 2024-14 PDF, April 16, 2024 Fact Sheet 2023-29 PDF, Dec. 26, 2023 Fact Sheet 2023-22 PDF, Oct. 6, 2023 Fact Sheet 2023-08 PDF, March 31, 2023 Fact Sheet 2023-04 PDF, Feb. 3, 2023 Fact Sheet 2022-42 PDF, Dec. 29, 2022