The maximum deduction you can claim for a qualified clean-fuel vehicle depends on the type of vehicle:
For a truck or van weighing over 26,000 pounds, or for a bus with a seating capacity of at least 20 adults, you can claim a deduction of up to $50,000.
For a truck or van weighing between 10,000 and 26,000 pounds, you can claim a deduction of up to $5,000.
For other vehicles, the maximum deduction is $2,000.
Clean-fuel vehicles refueling property
If you use the vehicle in your trade or business, you can claim a deduction of up to $100,000 for clean-fuel vehicle refueling property placed in service at one location.
When you calculate your maximum deduction, you have to reduce the $100,000 by any amounts you or a related person claimed for similar property that was placed in service at that same location for all prior years.
For purposes of the deduction limit for individuals, related persons incude the following:
Family and relatives
An individual and a corporation if the individual owns more than 50% of the corporation’s stock
A grantor and fiduciary of any trust
Fiduciaries of two separate trusts granted by the same person
A fiduciary and a beneficiary of the same trust or of two separate trusts if they were granted by the same person
A fiduciary of a trust and a corporation if the trust or grantor of the trust owns more than 50% of the corporation’s stock
A person and a tax-exempt educational or charitable organization, if the organization is controlled directly or indirectly by that person or members of that person’s family
An individual and a partnership if the person owns more than 50% of the partnership
An executor of an estate and a beneficiary of the estate