0223 Publ 5724-B (PDF)

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/p5724b.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

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~ The credit is available for businesses and certain tax-exempt entities; tax-exempt entities can receive the credit as an elective payment.

~ There is no price limit on the cost of the commercial vehicle.

~ No commercial clean vehicle credit will be allowed if a taxpayer already claimed the new clean vehicle credit for the same vehicle.

~ The vehicle manufacturer must be a Qualified Manufacturer. A Qualified Manufacturers list

is on IRS.gov.

~ The maximum credit amount is $7,500 per vehicle with a gross weight rating of less than 14,000 pounds or $40,000 for all other vehicles.

~ The credit is limited to the lesser of 15% of the vehicle’s cost (30% for vehicles not gasoline or diesel powered) or the incremental cost of the vehicle, as compared to vehicles powered with a gasoline or diesel internal combustion engine.

~ Vehicle Type: Clean vehicles and mobile machinery

~ Battery: Vehicles that have a battery capacity of at least 7 kilowatt hours or 15 kilowatt hours for vehicles with a gross vehicle weight rating of 14,000 pounds or more, or a fuel cell vehicle (hybrid vehicles).

WWW.IRS.GOV/CLEANVEHICLES

Publication 5724-B ( Rev. 2-2023) Catalog Number 93695T Department of the Treasury Internal Revenue Service www.irs.gov