IRS Clean Vehicle Tax Credits: Inflation Reduction Act, New Section 30D Guidance, Section 45W Guidance, Charging Infrastructure Credits
Criteria for Classification of Qualifying Critical Minerals, Battery Component Requirements, and Other Factors
Recording of a 90-minute premium CLE/CPE video webinar with Q&A
This CLE/CPE webinar will provide taxpayers, manufacturers, advisers, and counsel a detailed analysis of available electric vehicle and other clean vehicle Federal tax credits under the Inflation Reduction Act (IRA). The panel will discuss the amendments to Section 30D of the Internal Revenue Code, the processes for meeting the critical minerals and battery requirements, issues stemming from components manufactured or assembled by foreign entities, and other considerations for the clean vehicle tax credit. The panel will also cover requirements under Section 45W for Qualified Commercial Clean Vehicles used or leased as depreciable assets in a trade or business, and the availability of the credit for vehicles leased to consumers. The panel will also cover used vehicle credits under Section 25E and credits available for charging infrastructure under Section 30D.
Outline
- History & Policy Objectives
- Clean Vehicle Credits: Section 30D: Amendments, Requirements
- Critical minerals
- Battery components
- Used Vehicle Credits: Section 25E
- Commercial Vehicle Credits: Section 45W
- Eligibility
- Challenges
- Other Clean Vehicles
- Fuel Cell Vehicles
- Relation to Clean Hydrogen Infrastructure Planning
- EV Charging Infrastructure
- Section 30C: Tax Credits for Clean Vehicle Charging Infrastructure
- Status of National Electric Vehicle Infrastructure Program
- Regulatory Strategies for Successful EV Charging Infrastructure Deployment
- Insights and Implications
Benefits
The panel will discuss these and other key issues:
- The impact of the IRA on clean vehicle tax credits
- Recent amendments and guidance for Section 30D consumer tax credit
- Key issues and processes in determining the value of critical minerals and battery components
- Challenges for manufacturers in light of the IRA and recent IRS guidance
- Navigating the requirements of Section 45W and issues for used or leased vehicles in a trade or business
Faculty
Andrew C. Hanson
Partner
Perkins Coie
Mr. Hanson provides legal support for energy project acquisition, development and construction, including for natural... | Read More
Mr. Hanson provides legal support for energy project acquisition, development and construction, including for natural gas, wind and solar projects. He most recently served as a senior attorney with Alliant Energy Corporate Services.
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Charles A. Ognibene
Partner
Duane Morris
Mr. Ognibene serves as a team lead of the firm's Transportation, Automotive and Logistics industry group.... | Read More
Mr. Ognibene serves as a team lead of the firm's Transportation, Automotive and Logistics industry group. He practices in the area of corporate law. Mr. Ognibene has extensive experience closing deals, including capital market transactions, loan originations and workouts, as well as helping banks in product development and portfolio projects. He has a deep understanding of the auto finance industry, advising both wholesale and retail finance matters across the country. Mr. Ognibene provides strategic counsel to banks, finance companies and captives on related matters. He advises on commercial and consumer pool sales, as well as loan origination and dealer loan workouts. Mr. Ognibene also leverages his broad commercial background in litigation matters involving his clients.
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Elisa M. Walker
Attorney
Duane Morris
Ms. Walker practices in the area of corporate law with a focus on taxation, designing tax-efficient... | Read More
Ms. Walker practices in the area of corporate law with a focus on taxation, designing tax-efficient legal structures and representing clients in transactional tax matters. Her practice encompasses all aspects of corporate taxation, including planning for complex international corporate structures, navigating cross-border transactions and advising on a range of corporate and partnership taxation issues. Ms. Walker's experience includes assisting clients with mergers and acquisitions of subchapter C corporations, taxable stock sales, formation and negotiation of sophisticated and complex joint ventures, preparation of partnership and limited liability company agreements, and purchase and sale of partnership and limited liability company interests.
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