New links to IRS information on the Inflation Reduction Act’s clean vehicle and refueling infrastructure tax credits, together with updated sample federal EV credit seller report forms (in both PDF and Word versions), have been posted to the NADA Regulatory Affairs Alternative Fuel Vehicle and Refueling Incentive webpage (NADA login required).
NADA has created the 2023 IRC Section 30D Clean Vehicle (NADA login required) form for qualifying new vehicles and the 2023 IRC Section 25E Previously Owned Clean Vehicle Tax Credit Report for used vehicles as templates for dealers to provide to their customers and file with the IRS.
In addition to becoming familiar with this information, dealers should pay close attention to any EV tax credit communications they receive from their OEMs and the finance sources with whom they work.
Finally, consumer leases may also qualify for tax credits. More information can be found here. The IRS released a list of eligible OEMs here.
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