Page 52 - Inflation-Reduction-Act-Guidebook

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• Commercial Clean Vehicles Credit to defray up to 30 percent of the cost of replacing
diesel- or gas-powered commercial vehicles—ranging from cars and pick-up trucks to
long-haul trucks—with electric vehicles. A commercial vehicle owner choosing to
replace an existing vehicle with a cleaner but not fully electric alternative is eligible for a
credit of up to 15 percent.

• Three programs to grow the domestic supply chain for clean vehicles. The Inflation
Reduction Act includes billions of dollars to support vehicle manufacturers looking to
expand their domestic production of clean vehicles. The Inflation Reduction Act provides
$3 billion to the Department of Energy’s Advanced Technology Vehicle
Manufacturing Loan Program for loans to manufacture clean vehicles and their
components in the United States, including newly authorized uses from the Bipartisan
Infrastructure Law, such as medium- and heavy-duty vehicles, locomotives, maritime
vessels, aviation, and hyperloop. The Inflation Reduction Act also provides $2 billion to
the Department of Energy for Domestic Manufacturing Conversion Grants, which will
fund manufacturers’ retooling of production lines for clean vehicles. As described earlier
in this guidebook, the law also creates a new Advanced Manufacturing Production
Credit for the domestic production and sale of qualified components for clean energy
projects, including batteries and critical minerals.

• $1 billion for the Clean Heavy-Duty Vehicle Program at the Environmental Protection
Agency. This program will invest $1 billion to help Tribal, state, and local governments
and other entities offset the cost of replacing heavy-duty Class 6 and 7 commercial
vehicles with zero-emission vehicles, deploy supporting infrastructure, and train and
develop the necessary workforce. At least $400 million must go to areas not meeting
national air quality standards. (This program is described in more detail later in the
guidebook on page 88).

Programs Covered in This Chapter
Tax
IRA
Agency Code Program Name Amount
Section
Section
Department of the Treasury 13401 30D Clean Vehicle Credit -
Department of the Treasury 13402 25E Credit for Previously-Owned Clean Vehicles -
Credit for Qualified Commercial Clean
Department of the Treasury 13403 45W -
Vehicles
Alternative Fuel Vehicle Refueling Property
Department of the Treasury 13404 30C -
Credit
Advanced Technology Vehicle
Department of Energy 50142 - $3,000,000,000
Manufacturing Loan Program
Department of Energy 50143 - Domestic Manufacturing Conversion Grants $2,000,000,000

B U IL D IN G A C L E A N E N E R G Y E C O N O MY 47
G U ID E B O O K | J AN UARY 20 2 3 | VE RS I O N 2