See Notice 2022-39 PDF for information on how to . Additionally, funding may be requested for workforce development training or training at the National Transit Institute. Toyota Receives Zero Emission CARB Executive Order for HD Fuel Cell The public will have, Notices, Revenue Procedures, Revenue Rulings, and Announcements (sometimes referred to as sub-regulatory guidance or Internal Revenue Bulletin guidance), IRS forms, instructions, and publications, Hydrogen Storage Engineering Center of Excellence, Regulations, Guidelines, & Codes & Standards, Technological Feasibility & Cost Analysis, Infrastructure Development & Financial Analysis, Annual Merit Review & Peer Evaluation Reports, Database of State Incentives for Renewables and Efficiency, About Office of Energy Efficiency & Renewable Energy, Financial Incentives for Hydrogen and Fuel Cell Projects. The New Clean Hydrogen Production Tax Credit, Explained Phone: (703) 605-5630 Extends the deadline for construction to January 1, 2033, and increases the credit amount. EPAct Transportation Regulatory Activities 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. 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. Tax exempt entities can receive an elective payment in lieu of the tax credit. Clean Hydrogen and Fuel Cell Incentives in the Inflation Reduction Act For more information, visit the EPAct State and Alternative Fuel Provider Fleets website. The Inflation Reduction Act of 2022 (IRA) includes clean energy tax credits and other provisions that would increase domestic renewable energy production. An $8,000 federal tax credit for buying a hydrogen electric car will end December 31, resulting in higher prices for consumers. U.S. General Services Administration home and work. Under the Energy Policy Act (EPAct) of 1992, 75% of new light-duty vehicles acquired by covered federal fleets must be alternative fuel vehicles (AFVs). 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 measures emissions up to the point of production using the Argonne National Laboratory Greenhouse gases, Regulated Emissions, and Energy use in Technologies Model: The Clean Vehicle Credit maintains the existing $7,500 for the purchase of fuel cell electric vehicles by creating a qualified new clean vehicle credit built on the 30D credit for plug-in battery electric vehicles: Elective Payment for Energy Property 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: The Energy Credit 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. DOE will provide technical assistance services to support up to 36 communities to develop their own community-driven clean energy transition approach. For more information, see the GSA's AFV website. The amount of the credit depends on whether the vehicle meets certain critical minerals and battery component requirements. 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. Individuals with a gross annual income below the following thresholds are eligible for the tax credit: Only one tax credit may be claimed per vehicle. Funding can also be used to support the development of state carbon reduction strategies, in consultation with designated metropolitan planning organizations, by November 15, 2023. News | Press | U.S. Senator Debbie Stabenow of Michigan For vehicles delivered on or after April 18, 2023, limitations apply that went into effect January 1, 2023, related to the vehicles manufacturers suggested retail price (MSRP), the buyers modified adjusted gross income, and the vehicles battery capacity. 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. Applicants with projects that include zero-emission vehicles (ZEVs) are required to submit a ZEV fleet transition plan. U.S. Internal Revenue Service This requirement applies to, but is not limited to, the following fuel types: methanol, denatured ethanol, and/or other alcohols; mixtures containing 85% or more by volume of methanol and/or other alcohols; mixtures containing more than 10% but less than 83% by volume of ethanol; natural gas; propane; hydrogen; coal derived liquid biofuel; and electricity. 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. 2023 Key considerations for electric vehicles and hydrogen fuel cell The goal is to achieve a domestic production capacity for replacement fuels sufficient to replace 30% of the U.S. motor fuel consumption. (Reference Public Law 117-58 and 23 U.S. Code 151). Additional details are provided below based on when the vehicle is purchased or placed-in-service. The grant will provide funding for designated Corridor-Pending AFCs to install infrastructure to convert to Corridor-Ready AFCs, and for Corridor-Ready AFCs to install alternative fuel infrastructure to provide station redundancy and meet higher demand. Eligibility includes retrofit facilities. must have a battery capacity of at least seven kilowatt-hours (kWh) and vehicles with a GVWR above 14,000 lbs. Individuals may not claim more than one pre-owned vehicle tax credit in a three-year period. 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.