Critical Mineral and Battery Component Requirement Guidance for the Clean Vehicle Credit

The Internal Revenue Service (IRS) updated the frequently asked questions Fact Sheet for Clean Vehicle Credits in December 2023. The new guidance is related to the critical mineral and battery component requirements of the New, Previously Owned, and Qualified Commercial Clean Vehicle Credits.

This action is the result of the Inflation Reduction Act of 2022 (Public Law 117-169), which amended the Qualified Plug-in Electric Drive Motor Vehicle Credit (IRC 30D), now known as the Clean Vehicle Credit. For more information, see the IRS Clean Vehicle Tax Credits website.