KPMG report: Initial observations on guidance relating to clean vehicle credit under section 30D
Three items of guidance addressing the amendments to the new clean vehicle credit
Initial observations on guidance
The IRS and the Treasury Department recently released three items of guidance addressing the clean vehicle credit under section 30D, as amended by Pub. L. No. 117-169 (commonly called the “Inflation Reduction Act” (IRA)):
- Notice 2023-1 [PDF 118 KB] addressing the expected definitions in forthcoming proposed regulations for certain defined terms in section 30D
- A whitepaper [PDF 432 KB] discussing what guidance on the critical minerals and battery component requirements will be released
- A fact sheet [PDF 387 KB] containing a frequently asked questions list includes 27 questions and answers relating to the current application of the new clean vehicle credit
Read a January 2023 report [PDF 455 KB] prepared by KPMG LLP that provides initial observations on each of these items of guidance.
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