OBBBA vehicle credit changes

Yes, OBBBA made changes to the vehicle credits by adding expiration dates:

• The Qualified Commercial Clean Vehicle Credit expires for vehicles acquired after September 30, 2025 [1].
• The Alternative Fuel Vehicle Refueling Property Credit expires for property placed in service after June 30, 2026 [1].

For 2024, there are also several important updates to the Clean Vehicle Credit program [2]:

• Final regulations for electric vehicle tax credits have been issued.
• Taxpayers may now transfer electric vehicle credits to dealers for immediate financial benefit.
• Electric vehicle credits must be initiated and approved at time of sale.