Alternative Fuel Vehicle Refueling Property Credit

December 22, 2022

Developed by: Inflation Reduction Act

Federal Agency: Department of the Treasury

Consumer/Business Tax Credit

Description: Provides a tax credit for alternative fuel vehicle refueling and charging property in low-income and rural areas. Alternative fuels include electricity, ethanol, natural gas, hydrogen, biodiesel, and others.

Recipients: The qualified alternative fuel vehicle refueling property must be for cleanburning fuels, as defined in the statute, and must be located in low-income or rural areas.

Timing: January 1, 2023-December 31, 2032


  • Base Credit Amount: 6% of the cost for businesses, limited to a $100,000 credit per item of property for businesses. 30% for individuals, limited to $1,000.
  • Bonus Credit Amount: Businesses can claim a 30% credit for projects meeting prevailing wage and registered apprenticeship requirements

More information: Request for Comments