Inflation Reduction Act
The Inflation Reduction Act of 2022 (Public Law 117-169), amends the Qualified Plug-in Electric Drive Motor Vehicle Credit (IRC 30D), now known as the Clean Vehicle Credit, and adds a new requirement for final assembly in North America that takes effect on August 16, 2022. Additional provisions will go into effect on January 1, 2023. Further guidance on these provisions is forthcoming. Find more information about the credit from the Internal Revenue Service.
See a list of vehicles with final assembly in North America based on data submitted to the National Highway Traffic Safety Administration (NHTSA) and FuelEconomy.gov.
The build location of a particular vehicle should be confirmed by referring to its Vehicle Identification Number (VIN) using NHTSA’s VIN decoder or an information label affixed to the vehicle.