Electric Vehicle (EV) and Fuel Cell Electric Vehicle (FCEV) Manufacturing Tax Credit

Qualified advanced energy projects are eligible for a tax credit for project investments to reequip, expand, or establish certain manufacturing facilities. Eligible projects that meet prevailing wage and apprenticeship requirements may receive a 30% tax credit, and projects that do not meet prevailing wage and apprenticeship requirements may receive a 6% tax credit. Credits cannot be allocated to projects located in census tracts where projects have been previously allocated. Qualifying advanced energy project include, but are not limited to, projects that re-equip, expand, or establish a manufacturing or industrial facilities that produce or recycle light-, medium-, and heavy-duty EVs, FCEVs, EV charging stations, and hydrogen fueling stations. Additional terms apply. For more information, see the IRS Qualified Advanced Energy Project Credit website.

(Reference Public Law 117-169 and 26 U.S. Code 48C)

Point of Contact
U.S. Internal Revenue Service
Phone: (800) 829-1040

Jurisdiction: Federal

Type: Incentives

Agency: U.S. Internal Revenue Service

Enacted: Aug 16, 2022

Technologies: EVs, Hydrogen Fuel Cells, PHEVs

See all Federal Laws and Incentives.