The US Treasury just released EV charger tax credit guidelines — here’s how to find out if you qualify

The US Treasury just released EV charger tax credit guidelines — here’s how to find out if you qualify

Today, the U.S. Treasury Department released updated guidance on electric vehicle charger tax credit eligibility for individuals and businesses — here’s the inside list.

Tax credit for 30C EV charging

When the FRA became law in August 2022, it provided a tax break of up to 30% of the cost of “property” eligible for EV charging. Formally known as the Alternative Fuel Vehicle Refueling Property Credit, the IRA modified the limitation on the 30C EV charging tax credit so that it no longer applies on a per-location basis, and instead now applies to every single item of an EV charging property — that is, per charger.

The U.S. Department of Treasury’s EV charger tax credit (claimed on IRS Form 8911) is limited to $1,000 for individuals claiming household EV chargers and $100,000 — up from $30,000 — for commercial property. This came into effect on January 1, 2023 (i.e. a year ago).

The tax credit can also be claimed through direct payment, so “qualifying entities such as governments and tax-exempt organizations that invest in electric vehicle infrastructure can benefit.”

Location, location, location

The latest IRS guidance concerns how to qualify for the 30C EV charging tax credit, and individuals and businesses must be in a “qualifying census tract.” The IRS defines a qualified census tract as “any census tract that qualifies as a low-income community or is not a metropolitan area.”

The White House said today that eligible census rallies “will confirm that the 30C EV tax credit under the Inflation Reduction Act is available to approximately two-thirds of Americans.”

The US Department of Energy and Argonne National Laboratory have now released a mapping tool to help individuals and businesses find out if they qualify for the 30C EV charging tax credit. (Note that there is a disclaimer on the map stating that this is not official IRS guidance—and neither is this article!—so when it comes time to file your taxes, consult a tax professional to make sure you qualify.)

“As a key driver of charging infrastructure, 30°C plays a big role in transitioning our nation to electric vehicles,” said Albert Gore III, Executive Director of the Zero Emissions Transportation Association (ZETA).

“We now have 170,000 electric vehicle chargers available to the public across the country. The Biden administration has set a goal of deploying 500,000 public chargers by 2030. To achieve this ambitious goal, the 30″ tax credit must be implemented effectively.

You can find 30C tax credit eligibility determinant Map here.

Argonne also has a helpful FAQ about the 30C tax credit here.

Read more: Here’s how much money you’ll get with the Inflation Reduction Act

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