Form 8911 (Rev January 2022) Alternative Fuel Vehicle Refueling Property Credit-2025

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The term typically refers to internal combustion engine vehicles or fuel cell vehicles that utilize synthetic renewable fuels such as biofuels (ethanol fuel, biodiesel and biogasoline), hydrogen fuel or so-called Electrofuel.
The Residential Clean Energy Credit equals 30% of the costs of new, qualified clean energy property for your home installed anytime from 2022 through 2032. The credit percentage rate phases down to 26 percent for property placed in service in 2033 and 22 percent for property placed in service in 2034.
For consumers who purchase and qualified alternative fuel vehicle refueling property for their principal residence, including electric vehicle charging equipment, between December 31, 2022, and January 1, 2033, the tax credit equals 30% of the cost with a maximum amount of $1,000 per item (for each charging
To qualify, a vehicle must: Have a battery capacity of at least 7 kilowatt hours. Have a gross vehicle weight rating of less than 14,000 pounds. Be made by a qualified manufacturer. Undergo final assembly in North America. Meet critical mineral and battery component requirements (as of April 18, 2023)
The credit equals 30% of the sale price up to a maximum credit of $4,000. If you do not transfer the credit, it is nonrefundable when you file your taxes, so you cant get back more on the credit than you owe in taxes.
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Federal Tax Credit Federal tax credits are available for the purchase of all-electric and plug-in hybrid vehicles. The tax credits are up to $7,500.
Use Form 8910 to figure your credit for alternative motor vehicles you placed in service during your tax year. The credit attributable to depreciable property (vehicles used for business or investment purposes) is treated as a general business credit.

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