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The united States

Feb.18.2024

(1)Clean Cities Coalition Network

Clean Cities Coalition Network aims to bolster the U.S.'s economic, environmental, and energy independence through local initiatives promoting affordable, domestic transport fuels and innovations. With the support of nearly 100 dedicated coalitions, this mission unfolds via unique public/private collaborations emphasizing alternative fuels, renewable energy, idle-reduction strategies, fuel economy enhancements, and pioneering transport solutions. Explore our comprehensive databases, peruse updated resources, or delve into technical materials on our website. For a detailed insight, visit the Clean Cities Coalition Network(超链接https://cleancities.energy.gov/) website.

(2)High Occupancy Vehicle(HOV)Lane Exemption

States can grant certified alternative fuel vehicles (AFVs) and electric vehicles (EVs) exemptions from in-state HOV lane rules. Qualifying AFVs run on methanol, denatured ethanol, or other alcohols; blends with a minimum of 85% of these alcohols; or on fuels like natural gas, propane, hydrogen, coal-derived liquids, and bio-material derivatives. EVs, on the other hand, recharge from external electricity sources and must have a minimum 4 kilowatt-hour battery capacity. Furthermore, states can permit low-emission and energy-efficient vehicles to access HOV lanes upon toll payment.

For HOV lane usage, vehicles need U.S. Environmental Protection Agency (EPA) certification and the proper labeling. The U.S. Department of Transportation (DOT) oversees HOV program planning and execution, including setting vehicle criteria based on EPA guidelines. States adopting these mandates handle enforcement and vehicle labeling. Note: The HOV exemption for AFVs and EVs ends on September 30, 2025, while the toll-access provision for low-emission and energy-efficient vehicles concludes on September 30, 2019.

For detailed references, consult Public

Law(https://www.congress.gov/public-laws/114th-congress) 114-94 and

23 U.S. Code(https://www.govinfo.gov/) 166.

(3) Aftermarket Alternative Fuel Vehicle(AFV)Conversions

Vehicles modified by original equipment manufacturers to utilize propane, natural gas, methane gas, ethanol, or electricity fall under the category of aftermarket AFV conversions. Except for those shifting to electric, such modifications must conform with U.S. Environmental Protection Agency (EPA) standards.(https://www.epa.gov/ve-certification) Dive deeper into vehicle conversion certification guidelines at the Alternative Fuels Data Center's Vehicle Conversions(https://afdc.energy.gov/vehicles/conversions.html) page. Also, refer to Reference 40 CFR(https://www.govinfo.gov/) 85 and the enforcement policy on tampering and aftermarket defeat devices(https://www.epa.gov/sites/default/files/2020-12/documents/epatamperingpolicy-enforcementpolicyonvehicleandenginetampering.pdf).

(4) Drive into a greener future with the revamped Clean Vehicle Credit! Originally known as the Qualified Plug-in Electric Drive Motor Vehicle Credit (IRC 30D), it underwent changes under the Inflation Reduction Act of 2022 (Public Law 117-169). From August 17, 2022, a North American final assembly requirement was introduced. Got your eyes on a vehicle for 2023 Additional criteria kick in for vehicles delivered from January 1, 2023. And if your chosen ride meets the fresh critical minerals and battery components standards after April 17, 2023, the credit amount could vary. Dive into the

IRSPlug-InElectricDriveVehicleCredit(https://www.irs.gov/credits-deductions/credits-for-new-electric-vehicles-purchased-in-2022-or-before)

for a detailed breakdown. Lucky consumers purchasing eligible vehicles can pocket a tax credit up to $7,500. Timing matters! Learn more about purchase or placement-in-service timelines below.

Stay in the loop with the latest on the Clean Vehicle Credit by checking the IRS's detailed information.(https://www.irs.gov/credits-and-deductions-under-the-inflation-reduction-act-of-2022) And for a handy incentive guide by vehicle, explore Federal Tax Credits on FuelEconomy.gov. (https://www.fueleconomy.gov/feg/taxcenter.shtml)

(5) Vehicles Placed in Service on or After April 18.2023

Navigating the Clean Vehicle Credit landscape for 2023 and beyond? Here's your compass! If you're eyeing a vehicle delivered on or after April 18, 2023, key changes have rolled out since January 1, 2023, centered around the vehicle’s MSRP, your modified adjusted gross income, and battery capacity specifics. Mark August 17, 2022, on your calendar! That’s when the North American final assembly requirement kicked in. Further refining your tax credit calculations are critical mineral and battery component mandates, effective April 18, 2023. Here's a breakdown:

Vehicles compliant with critical mineral guidelines qualify for a $3,750 tax credit.

Vehicles fitting the battery component bill also reap a $3,750 tax credit.

Ace both? Enjoy a whopping $7,500 tax credit!

Keep your eyes on the price tag! Vans, SUVs, and trucks should sport an MSRP under $80,000. Other vehicles? Ensure the MSRP is below $55,000. The famous “Monroney label” on your vehicle's window offers this MSRP detail, encompassing trim, options, or accessories but excluding the destination fee and dealer add-ons.

Your tax credit might hinge on your modified AGI. Check if you fit the bill:

Joint filers: Under $300,000

Head-of-household filers: Under $225,000

All others: Under $150,000

Battery buffs, here's your byte: Ensure a minimum 7 kWh capacity to be in the Clean Vehicle Credit league. Delving deeper:

Critical Minerals: Bag the $3,750 credit if your battery's US, U.S. free-trade partner extracted, processed or North American recycled critical minerals meet:

2023: 40%

2024: 50%

2025: 60%

2026: 70%

2027 & beyond: 80%

Battery Components: Secure the $3,750 credit if North American battery component manufacturing or assembly exceeds:

2023: 50%

2024 & 2025: 60%

2026: 70%

2027: 80%

2028: 90%

2029 & onwards: 100%

Anticipate more insights on 30D specifics soon. For a comprehensive dive, visit the IRS Plug-In Electric Drive VehicleCredit (https://www.irs.gov/credits-deductions/credits-for-new-electric-vehicles-purchased-in-2022-or-before) portal.

(6)

Vehicles Sold on or After January 1 and Placed-in-Service Before April 18,2023

Starting January 1, 2023, several key changes were introduced to the Clean Vehicle Credit (CVC) provisions:

1.Manufacturer Sales Caps: These were removed for vehicles sold after January 1, 2023, allowing more vehicles to qualify for the CVC.

2.Eligibility Expansion: The scope of eligible vehicles now encompasses both Electric Vehicles (EVs) and Fuel Cell Electric Vehicles (FCEVs).

3.Battery Capacity Requirement: To qualify, vehicles must now be equipped with a battery that has a minimum capacity of seven kilowatt-hours (kWh).

Furthermore, potential tax credits available under the CVC may be influenced by:

The vehicle’s Manufacturer Suggested Retail Price (MSRP).

The buyer's Modified Adjusted Gross Income, as previously detailed.

The North American final assembly stipulation remains applicable, ensuring vehicles meet regional manufacturing standards.

For vehicles placed in service prior to April 18, 2023, the CVC tax credit calculation is as follows:

A base credit amount of $2,500.

For vehicles drawing propulsion energy from a battery of at least 7 kWh, an additional $417 is added.

Beyond the base battery capacity of 5 kWh, an additional $417 is provided for each kilowatt hour in excess.

The maximum tax credit available for any eligible vehicle is capped at $7,500.

(7)Vehicles Purchased Between August 17 and December31.2022

From August 17, 2022, through December 31, 2022, EVs that meet specific criteria become eligible for a tax incentive. Specifically, these EVs should adhere to the tax incentive guidelines set before August 17, 2022. A key condition is that they must have their final assembly in North America(https://fueleconomy.gov/feg/taxcenter.shtm). It's crucial to understand that manufacturer-imposed sales caps on vehicles remain applicable during this period. Potential buyers should be aware that some manufacturers might have multiple assembly locations for the same model. To ascertain the assembly location of a specific EV, buyers can refer to its Vehicle Identification Number (VIN). The U.S. Department of Transportation offers a VIN decoder(https://www.nhtsa.gov/vin-decoder) for this purpose. Alternatively, buyers can check an informational label typically placed on the vehicle itself.


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