45W Customer Eligibility GuidelinesÂ
Businesses and certain tax-exempt organizations, including state and local governments, that buy a qualified commercial clean vehicle may qualify for a clean vehicle tax credit up to $7,500 under Internal Revenue Code Section 45W. The credit is available to businesses and tax-exempt organizations. There is no limit to the number of credits a business can claim. For businesses, the credits are nonrefundable, so they can't get back more on the credit than they owe in taxes. A 45W credit can be carried over as a general business credit. For additional information, go to the IRS website.
Section 6.2
45W Vehicle Eligibility GuidelinesÂ
To qualify, a vehicle must:Â
• Be subject to the allowance for depreciation, with an exception for vehicles placed in service by a tax-exempt organization and not subject to a leaseÂ
• Be made by a qualified manufacturer • Be for use in business, not for resaleÂ
• Be for use primarily in the United States,Â
• Not have been allowed a credit under section 30DÂ
• Meet the definition of a motor vehicle under Title II of the Clean Air Act and is manufactured primarily for use on public streets, roads, and highways
 • Be propelled to a significant extent by an electric motor which draws electricity from a battery and is capable of being recharged from an external source of electricity, or satisfies the requirements for being a new qualified fuel cell motor vehicle.Â
The vehicle or machinery must also either be:Â
• A plug-in electric vehicle that draws significant propulsion from an electric motor with a battery capacity of at least: o 7 kilowatt hours if the gross vehicle weight rating (GVWR) is under 14,000 pounds o 15 kilowatt hour if the GVWR is 14,000 pounds or moreÂ
• A fuel cell motor vehicle that satisfies the requirements of IRC 30B(b)(3)(A) and (B)Â
For additional information, go to the IRS website.
Section 6.3Â
Ford & Lincoln 45W Eligible Vehicles Beginning 1/1/24Â
Following the release of recent government guidance, Ford has determined which of its vehicles will be eligible for the 45W Commercial Clean Vehicle Credit in 2024. The determinations relate only to our currently lineup of EVs and PHEVs and are subject to change. These updated credit amounts apply to customers who take delivery of their vehicles beginning 1/1/24
