IRS reminder: Make sure to understand recent changes when buying a clean vehicle

IRS reminder: Make sure to understand recent changes when buying a clean vehicle

IR-2023-160, Sept. 1, 2023 WASHINGTON — The Internal Revenue Service reminded consumers considering an automobile purchase to be sure to understand several recent changes to the new Clean Vehicle Credit for qualified plug-in electric drive vehicles, including qualified manufacturers and tax rules. The Inflation Reduction Act of 2022 (IRA) made several changes to the new Clean Vehicle Credit for qualified plug-in electric drive motor vehicles, including adding fuel cell vehicles. The IRA also added a new credit for previously owned and commercial clean vehicles. Read More 

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