The Alternative Fuel Vehicle Refueling Property Credit is generally available to taxpayers who purchase property that stores or dispenses an alternative fuel, such as ethanol, or recharges an electric vehicle. What is the credit amount for non$-$depreciable, personal$-$use property?

The smaller of $30\%$ or $$1,000$ of the cost of the property.

The larger of $30\%$ or $$1,000$ of the cost of the property.

The smaller of $30\%$ of the property's cost or $$30,000.$

$50\%$ of the cost of the property.