The Clock Is Ticking
The One Big, Beautiful Bill Act has been signed into law by President Trump and is set to end the Qualified Commercial Clean Vehicle Credit (45W) by September 30, 2025. With these significant credits ending seven years earlier than expected, now is the best time to add electric vehicles into your fleet.
Ordering EVs for your fleet today could save you up to $40,000 per vehicle. Electric vehicles are not a fad or gimmick; they’re here to stay and are already saving fleets thousands in operating costs per vehicle, per year. A fleet converting just 135 light-duty vehicles or 20 medium/heavy-duty trucks will lose out on $1 million in tax incentives if ordering their vehicles on October 1, 2025.
Watch a video interview with Inspiration CEO and Founder Josh Green about the value of the 45W Tax Credit for commercial fleets.
What is the 45W Tax Credit?
In effect since 2023, the 45W credit helps businesses and tax-exempt organizations reduce the cost of transitioning to electric and fuel cell vehicles. Fleets that take advantage of this credit enjoy substantial savings, including:
- 30% of the vehicle purchase price (non-gas/diesel) or the incremental cost vs. comparable combustion engine
- Up to $7,500 for vehicles under 14,000 lbs.
- Up to $40,000 for vehicles over 14,000 lbs.
This credit not only reduces initial capital expenditures but helps provide a significant total cost of ownership (TCO) advantage when factoring in the operational savings of electric vehicles.