Commercial Clean Vehicle Tax Credit 45W

A credit for leasing a vehicle — if you lease a qualified clean vehicle through a dealer, they can pass on the savings from this tax credit to you.

If you are interested in leasing an electric vehicle, speak to your dealership about getting up to $7,500 off your qualified clean vehicle lease.

As leased vehicles are owned by the dealership, dealers can purchase clean vehicles and receive the Qualified Commercial Clean Vehicle Tax Credit 45W to get up to $7,500 tax credit per vehicle. Dealers can pass these savings onto individuals who lease these vehicles.

The Clean Vehicle Tax Credit 30D has restrictions that limit the eligibility of many vehicles. However, 45W has fewer restrictions. A vehicle that may not qualify for 30D may qualify for the 45W credit, and if leasing is a desirable option, you may save money by leasing.