The US Treasury’s EV charger tax credit is limited to $1,000 for individuals claiming for home EV charging and $100,000 – up from $30,000 – for business properties. That came into effect on January 1, 2023.
The IRS’s latest guidance is about how in order to qualify for the 30C EV charging tax credit, individuals and businesses need to be in an “eligible census tract.” The IRS defines an eligible census tract as “any population census tract that qualifies as a low-income community or that is not an urban area.”
