Q6. How do I know if my vehicle is a pickup truck, van, sport utility vehicle (SUV), or other type of vehicle for purposes of determining the applicable manufacturer’s suggested retail price for a vehicle? (updated February 3, 2023)
A6. The vehicle classifications of eligible vehicles are described in IRS Notice 2023-16 issued on February 3, 2022, which applies to clean vehicles placed in service on or after January 1, 2023 and updates a previously issued notice.
A vehicle’s classification for this purpose relates to the classification describing the vehicle on the fuel economy label included as part of the window sticker as well as the EPA Size class displayed on FuelEconomy.gov. Vehicles whose class includes “sport utility vehicle,” “pickup truck,” or “van” on the fuel economy label or on FuelEconomy.gov are considered a sport utility vehicle, pickup truck, or van respectively for this purpose and the $80,000 MSRP limit applies, including for the following vehicle classes:
- Small Sport Utility Vehicle
- Standard Sport Utility Vehicle
- Small Pickup Truck
- Standard Pickup Truck
- Minivan
- Van
If your eligible vehicle is not in one of the classes described in the list above, the $55,000 MSRP limitation applies.
Vehicle classification information to determine the applicable MSRP can also be found at the Clean Vehicle Qualified Manufacturer Requirements page containing a listing of eligible clean vehicles, including fuel cell vehicles, that qualified manufacturers have indicated to the IRS meet the requirements to claim the new clean vehicle credit beginning January 1, 2023.
www.irs.gov
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