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Additional requirements for federal fleets were included in the Energy Independence and Security Act of 2007, such as fleet management plans and petroleum reduction from 2005 levels (Section 142), low greenhouse gas (GHG) emitting vehicle acquisition requirements (Section 141), and renewable fuel infrastructure installation requirements (Section 246). The deal includes a cap on the suggested retail price of eligible vehicles of $55,000 for new cars and $80,000 for pickup trucks, SUVs, and vans. U.S. Internal Revenue Service National Clean Diesel Campaign The New Clean Hydrogen Production Tax Credit, Explained The Clean Cities Coalition Network provides information about financial opportunities, coordinates technical assistance projects, updates and maintains databases and websites, and publishes technical and informational materials. Cost-effective deployment of EV charging for those without access to home charging; Innovative solutions to improve mobility options for underserved communities; Community engagement to accelerate clean transportation options in underserved communities; Research and development to reduce EV battery size and cost, increase EV battery range, and decrease EV battery emissions; Electrification of off-road and non-road vehicles, including agricultural, construction, rail, marine, and aviation; Materials technologies to improve EV efficiency and affordability; Use of the alternative fuels in commercial off-road vehicle technologies, including natural gas, hydrogen, and renewable propane; Planning and development of medium- and heavy-duty EV charging and hydrogen fueling corridors and advanced engine and fuel technologies to improve fuel economy and reduce greenhouse gas emissions. Additional requirements may apply. Projects must begin construction by 2033. Summary The U.S. Department of Transportation (DOT) Infrastructure for Rebuilding America (INFRA) grant program provides federal financial assistance to eligible transportation infrastructure projects that address climate change and environmental justice impacts, among other key objectives. The home served by the system MUST be the taxpayer's principal residence. States are encouraged to complete EV AFCs, which are eligible for separate funding from the National Electric Vehicle Infrastructure (NEVI) Formula Program, and will be considered fully built out once they meet the conditions specified in the NEVI Formula Program Guidance. For more information, including eligibility requirements and funding availability, see the DOT FHWA CFI Program website. adds an election for direct pay provisions to a range of tax credits including the clean hydrogen production credit, the energy investment tax credit, the carbon capture and sequestration credit, alternative fuel vehicle refueling property credit, advanced energy project credit, and others: Allows direct payments to be made in lieu of a reduction in tax liability ("direct pay") and/or an option to monetize the credits by transferring them to an entity with greater tax liability ("transferability"), Direct pay is limited to certain tax exempt and governmental entities for most of the eligible tax credits, This limitation does not apply to the first 5 years of the section 45V clean hydrogen credit, section 45Q carbon capture and sequestration credit, and section 45X advanced manufacturing credit. Hydrogen Laws and Incentives in Federal - Energy This article is part of a series exploring the . http://www.irs.gov/, Alternative fuels used in a manner that the Internal Revenue Service (IRS) deems as nontaxable are exempt from federal fuel taxes. Hydrogen Shot funds hydrogen demonstration projects that can help lower the cost of hydrogen, reduce carbon emissions and local air pollution, create good-paying jobs, and provide benefits to disadvantaged communities. The credit will begin to be phased out for each manufacturer in the second quarter following the calendar quarter in which a minimum of 200,000 qualified PEVs have been sold by that manufacturer for use in the United States. (Reference 49 U.S. Code 5312 and 5339, Public Law 114-94, Public Law 113-159, and Public Law 117-58). (Reference Public Law 112-95 and 49 U.S. Code 47136a), The U.S. Department of Transportation (DOT) must establish a competitive grant program to strategically deploy publicly accessible electric vehicle charging and hydrogen, propane, and natural gas fueling infrastructure along designated DOT Federal Highway Administration AFCs. The total tax credit available for a vehicle may not exceed $7,500. This tax credit is also available for future EV owners with a written binding contract to purchase a new qualifying electric vehicle before August 16, 2022, but do not take possession of the vehicle until on or after August 16, 2022. Clean Agriculture is a voluntary program that promotes the reduction of diesel exhaust emissions from agricultural equipment and vehicles by encouraging proper operations and maintenance by farmers, ranchers, and agribusinesses, use of emissions-reducing technologies, and use of cleaner fuels. Although there are still just a handful of fuel cell vehicles available for sale, the change could give regular EVs a major advantage and deal a blow to upcoming cars like the 2021 Toyota Mirai. A fleet may also earn credits that may be used toward compliance or banked once the fleet achieves compliance for investments in alternative fuel infrastructure, mobile non-road equipment, and emerging technologies associated with certain electric drive vehicle technologies. must have a battery capacity of at least seven kilowatt-hours (kWh) and vehicles with a GVWR above 14,000 lbs. Common nontaxable uses in a motor vehicle are: on a farm for farming purposes; in certain intercity and local buses; in a school bus; for exclusive use by a non-profit educational organization; and for exclusive use by a state, political subdivision of a state, or the District of Columbia. For more information, see the VALE Program website. Tax exempt entities such as state and local governments that dispense qualified fuel from an on-site fueling station for use in vehicles qualify for the incentive. For more information, see the Ports Initiative website. Vehicles with a gross vehicle weight rating (GVWR) below 14,000 pounds (lbs.) Under Standard Compliance, the AFVs that covered fleets acquire help them achieve compliance, with each AFV acquired earning the fleet one AFV-acquisition credit. Alternative fuel mixture credit. The assembly location of a particular vehicle should be confirmed by referring to its Vehicle Identification Number (VIN) using the U.S. Department of Transportations VIN decoder or an information label affixed to the vehicle. For more information on the Private and Local Government Fleet Rule compliance, visit the EPAct Private and Local Government Fleet Determination website. Technical assistance related to the deployment, operation, and maintenance of electric vehicle supply equipment (EVSE) and hydrogen fueling infrastructure, vehicle-to-grid integration, and related programs and policies; Data sharing of installation, maintenance, and utilization to continue to inform the network build out of EVSE and hydrogen fueling infrastructure; Performance of a national and regionalized study of EVSE and hydrogen fueling infrastructure needs and deployment factors, to support grants for community resilience and electric vehicle (EV) integration; Development and deployment of training and certification programs; Electric infrastructure and utility accommodation planning in transportation rights-of ways; and. The credit that may be claimed by each individual is proportional to the costs he/she paid. Eligible applicants for INFRA grants are states, metropolitan planning organizations that serve urbanized areas with a population of more than 200,000 individuals, local governments, political subdivisions, port authorities, and tribal governments. Rebate, grant, or other incentive programs that fund the purchase and installation of energy efficiency, renewable energy, and zero-emission transportation and associated infrastructure. While the term "hydrocarbons" includes liquids that contain oxygen, hydrogen, and carbon and as such "liquid hydrocarbons derived from biomass" includes ethanol, biodiesel, and renewable diesel, the IRS specifically excluded these fuels from the definition. http://www.defense.gov/. 95-618), which created a temporary 10% tax credit for business energy property and equipment using energy resources other than oil or natural gas. Qualifying EVs purchased and delivered between August 17, 2022, and December 31, 2022, are eligible for the tax incentive as described below for vehicles purchased before August 17, 2022, but are limited to vehicles with final assembly in North America. The Drive America Forward Act also extends the hydrogen fuel cell credit for ten years, through 2028. Industry supporters and energy analysts say the brand-new credit will spur innovation and expand the number of production facilities. This exemption is not available to tax exempt entities that are not liable for excise taxes on transportation fuel. See tax credits for 2022 and previous years. Taxpayers who purchase an eligible vehicle may qualify for a tax credit of up to $7,500. Updated guidance, effective April 18, 2023, helped clarify the rules for cars entering service in 2023. extends the 30% fuel cell investment tax credit through 2024 before a transition to the technology-neutral Clean Energy Investment Credit, which begins in 2025. Eligible vehicles must be designated for public transportation use and significantly reduce energy consumption or harmful emissions compared to a comparable standard or low emission vehicle. Running on Empty: There's a Lot to Like about Hydrogen, If You Can Find It creates a new 10-year incentive for clean hydrogen production tax credit with up to $3.00/kilogram. Point of Contact The maximum credit is $500 per half kilowatt (kW) of power capacity. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032. Electric Vehicle (EV) and Fuel Cell Electric Vehicle (FCEV) Tax Credit. The goal is to achieve a domestic production capacity for replacement fuels sufficient to replace 30% of the U.S. motor fuel consumption. Federal Trade Commission The unused personal portion of the credit cannot be carried back or forward to other tax years. Phone: (877) 623-2322 Phone: (800) 829-1040 States are also allowed to establish programs allowing low-emission and energy-efficient vehicles to pay a toll to access HOV lanes. States that choose to adopt these requirements will be responsible for enforcement and vehicle labeling. Forrestal Building1000 Independence Avenue, SWWashington, DC 20585, Hydrogen and Fuel Cell Technologies Office, About the Hydrogen & Fuel Cell Technologies Office, Current Approaches to Safety, Codes & Standards, It also expands tax credit to include projects at manufacturing facilities that want to reduce their greenhouse gas emissions by at least20%, Tax credit is funded at $10 billion for eligible projects. home and work. The credit would initially be USD 3 per kilogram for 2022-2024 and then . The Internal Revenue Service (IRS) has updated the regulations for federal tax credits up to $7,500 on new and used plug-in EVs and hydrogen Fuel Cell Vehicles (FCV). Beginning January 1, 2023, the Clean Vehicle Credit provides a tax credit of up to $4,000 for the purchase of a pre-owned EV or FCEV. The MSRP can be found on the vehicles window sticker, which is also known as the Monroney label; the MSRP for this purpose includes any trim, options, or accessories for the particular vehicle and excludes the destination fee and dealer-provided options and accessories. Eligibility includes retrofit facilities. Tax exempt entities can receive an elective payment in lieu of the tax credit. Line 15. Hydrogen fuel-cell cars remain eligible. The North American final assembly requirement continues to apply. Frequently Asked Questions About Hydrogen and Fuel Cells Incentive Programs Fuel Cell & Hydrogen Energy Association (Reference 42 U.S. Code 13212 (c)), Point of Contact Schumer plugs fuel cell energy tax credits - The Daily Gazette For more information, see the Grants for Energy Improvements at Public School Facilities website. Businesses may not combine this tax credit with the Clean Vehicle Tax Credit. creates a new 30% credit for commercial fuel cell electric vehicles through 2032, which is capped at $40,000: For class 13 (under 14,000 lb) vehicles for commercial use, creates a $7,500 tax credit tax for the purchase of electric vehicles or other qualified cleanvehicles. Eligible projects include, but are not limited to, supporting a modal shift in freight or passenger movement to reduce vehicle miles traveled, developing zero-emission vehicle infrastructure, using one or more demand management strategies to reduce congestion and greenhouse gas emissions, and supporting the installation of electric vehicle charging stations along the National Highways System. Phone: (202) 366-2053 Eligible projects that meet prevailing wage and apprenticeship requirements may be eligible to receive the full 30% tax credit, regardless of depreciation status. (Reference Public Law 117-58). State projects will be treated as Federal-aid Highway Program projects. https://www.energy.gov/eere/femp/federal-energy-management-program-contacts, Under the Energy Policy Act (EPAct) of 1992, the U.S. Department of Energy (DOE) was directed to determine whether private and local government fleets should be mandated to acquire alternative fuel vehicles (AFVs). A credit up to $7,500 is available for qualified purchases of new battery or hydrogen fuel cell powered vehicles. EPAct Transportation Regulatory Activities To be eligible, an airport must be for public use. Low-income, underserved, rural, and high-density communities will be prioritized for Community Program funding. The U.S. government will hand you an $8,000 federal tax credit, and the state of California (the only state you can buy the Mirai in) will shovel another $4,500 your way next tax season.. The U.S. Department of Transportation (DOT) and the U.S. Department of Energy (DOE) will establish a Joint Office of Energy and Transportation (Joint Office) to study, plan, coordinate, and implement joint issues, including: The Joint Office will create a public database that includes EVSE data maintained on the DOE Alternative Fuels Data Center's Alternative Fueling Station Locator and potential EVSE locations identified by eligible entities. (Reference 10 U.S. Code 2922g), Point of Contact Eligible state funding activities include truck stop electrification, diesel engine retrofits, vehicle-to-infrastructure communications equipment, public transportation, port electrification, and deployment of alternative fuel vehicles, including charging or fueling infrastructure and the purchase or lease of zero emission vehicles. Unused credits that qualify as general business tax credits, as defined by the Internal Revenue Service (IRS), may be carried backward one year and carried forward 20 years. U.S. Environmental Protection Agency Eligible applicants for RAISE grants are state, local, tribal, and U.S. territories governments, including transit agencies, port authorities, metropolitan planning organizations, and other political subdivisions of state or local governments. Beginning January 1, 2023, fueling equipment for natural gas, propane, hydrogen, electricity, E85, or diesel fuel blends containing a minimum of 20% biodiesel, is eligible for a tax credit of 30% of the cost or 6% in the case of property subject to depreciation, not to exceed $100,000. TLTF will terminate 30 days after submitting findings and recommendations to Congress. http://www.irs.gov/. For more information, see the FHWA Alternative Fuel Corridors website. Permitting and inspection fees are not included in covered expenses. States may also receive project funding from technology programs in the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy (EERE) for SEP Special Projects. Fueling equipment for natural gas, propane, liquefied hydrogen, electricity, E85, or diesel fuel blends containing a minimum of 20% biodiesel installed through December 31, 2022, is eligible for a tax credit of 30% of the cost, not to exceed $30,000. For more information, see the Federal Fleet Management website. More Laws and Incentives Phone: (202) 326-2222 Extends the deadline for construction to January 1, 2033, and increases the credit amount. Diesel Emissions Reduction Act Phone: (202) 343-9541 Additional details are provided below based on when the vehicle is purchased or placed-in-service. For more information, see the SEP website. Clean Construction is a voluntary program that promotes the reduction of diesel exhaust emissions from construction equipment and vehicles by encouraging proper operations and maintenance, use of emissions-reducing technologies, and use of cleaner fuels. https://epact.energy.gov/contact-us, The U.S. General Services Administration (GSA) must allocate the incremental cost of purchasing alternative fuel vehicles (AFVs) across the entire fleet of vehicles distributed by GSA. Eligible applicants are school districts, state and local government programs, federally recognized Indian tribes, non-profit organizations, and eligible contractors. 2023 Key considerations for electric vehicles and hydrogen fuel cell U.S. Department of Transportation FHWA must establish an AFC grant program to award grants to eligible entities, by November 15, 2022. (Reference Public Law 117-58 and 42 U.S. Code 17154). Specifically, the report recommends that federal agencies identify and implement strategies to: (Reference 42 U.S. Code 13212 and Executive Order 13834 and Executive Order 14008), Point of Contact For more information, including qualifying vehicles and sales by manufacturer, see the Internal Revenue Service (IRS) Qualified Plug-in Electric Drive Motor Vehicle Credit website. The growing hydrogen industry got a big boost from President Joe Biden's tax-and-climate law: a new 10-year tax credit for clean hydrogen production. The Advanced Energy Project Credit extends the 30% investment tax credit and creates funding for manufacturing projects producing fuel cell electric vehicles, hydrogen infrastructure, electrolyzers, and a range of other products: The Alternative Fuel Refueling Property Credit extends the credit sunset and increases the 30% credit cap: The Carbon Capture and Sequestration Tax Credit provides an enhanced rate of carbon dioxide captured for storage and utilization for qualified facilities through 2032: The Clean Hydrogen Production Tax Credit creates a new 10-year incentive for clean hydrogen production tax credit with up to $3.00/kilogram. The U.S. Department of Energy, Transportation, U.S. Department of Housing and Urban Development, and the U.S. Environmental Protection Agency (Signatory Agencies) joined in signing a memorandum of understanding (MOU) to accelerate the development and adoption of affordable and equitable clean transportation. News | Press | U.S. Senator Debbie Stabenow of Michigan Clean hydrogen is defined as hydrogen produced with a carbon intensity equal to or less than 2 kilograms of carbon dioxide-equivalent produced at the site of production per kilogram of hydrogen produced. Covered fleets may earn additional credits for AFVs earned in excess of their requirements, and these credits may be banked for future use toward compliance or traded with other fleets. http://www.ftc.gov/. (Reference Public Law 117-58). U.S. Department of Energy Fuel Cells (Residential Fuel Cell and Microturbine System), See tax credits for 2022 and previous years, Hot Water Boilers (Natural Gas, Propane, Oil), 30% for property placed in service after December 31, 2016, and before January 1, 2020, 26% for property placed in service after December 31, 2019, and before January 1, 2022, 30% for property placed in service after December 31, 2021, and before January 1, 2033, 26% for property placed in service after December 31, 2032, and before January 1, 2034, 22% for property placed in service after December 31, 2033, and before January 1, 2035. Transportation energy conservation programs; Energy efficiency, renewable energy, and zero-emission transportation and associated infrastructure financing programs; and. Electric vehicle charging or hydrogen fueling infrastructure. Additionally, funding may be requested for workforce development training or training at the National Transit Institute. The tax credit is not allowed if an incentive for the same alternative fuel is also determined under the rules for the ethanol or biodiesel tax credits. Corridor Program grants are available to infrastructure deployments along designated AFCs. The fuel cell must have a nameplate capacity of at least 0.5 kW of electricity using an electrochemical process and an electricity-only generation efficiency greater than30%. Alternative Fuels Data Center: Federal Laws and Incentives - Energy (Reference Public Law 109-58 and 42 U.S. Code 16191). The level of the credit provided is based on carbon intensity, up to a maximum of four kilograms of CO, Cannot stack with the Carbon Capture and Sequestration Tax Credit (45Q), Can stack with renewable energy production tax credit and zero-emission nuclear credit, Projects are required to promote good-paying jobs by following prevailing wage standards and apprenticeship requirements to receive the full credit. http://www.gsa.gov. For more information, including current prize challenges, visit the American-Made Challenges website. Infrastructure deployments funded by the Community Program must be located on public roads or publicly accessible locations, including public parking facilities, public buildings, public schools, or public parks. A long-term fleet management plan that includes a strategy for how Low No Program funds will be used for resources and acquisitions; A discussion on the availability of current and future resources for ZEV transition and implementation; An assessment of policy and legislation impacting relevant technologies; An evaluation of existing and future facilities; A description the applicants relationship with the utility or alternative fuel provider; and. Even with $8,000 tax credit extended, fuel-cell lease prices won't Listed below are federal incentives, laws and regulations, funding opportunities, and other federal initiatives related to alternative fuels and vehicles, advanced technologies, or air quality. The incentive must first be taken as a credit against the entitys alternative fuel tax liability; any excess over this fuel tax liability may be claimed as a direct payment from the IRS. Phone: (202) 586-5000 The U.S. Department of Transportation (DOT) must establish a carbon reduction formula program for states to reduce transportation emissions. For more information, see the Zero Emissions Airport Vehicle and Infrastructure Pilot Program website. Qualifying advanced energy project include, but are not limited to, projects that re-equip, expand, or establish a manufacturing or industrial facilities that produce or recycle light-, medium-, and heavy-duty EVs, FCEVs, EV charging stations, and hydrogen fueling stations.