Plug-In Electric Vehicle Credit
Internal Revenue Code Sections 30 & 30D provide credits for
certain Plug-in Electric Vehicles. Qualified vehicles may include
low-speed vehicles, passenger vehicles, light trucks, and certain
other vehicle types. The amount of the credit varies based on the
type of vehicle and applicable credit.
n IRS provides more information on IRS 30 and 30D at
Alternative Fuel Vehicle Refueling Property Credit
For property placed in service in 2009 and 2010, the alternative
fuel vehicle refueling property credit is increased. For property
that relates to hydrogen, the maximum credit per location is
increased to $200,000. For all other property, the credit percentage
is increased to 50% and the maximum credit per location is
increased to $50,000 ($2,000 for nondepreciable property).
For more information, see Form 8911, Alternative Fuel Vehicle
Refueling Property Credit.