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45w Commercial Clean Vehicle Tax Credit Breakdown For Commercial Fleets

This article is excerpted from Automotive Fleet and should be referenced as such

By Maria Neve

Navigating electric vehicle (EV) tax credits can be tricky for commercial fleets, with qualifications, requirements on materials sourcing and eligibility all subject to interpretation. These credits enhance the total cost of ownership (TCO) of EVs, making switching to electric even more attractive.

What complicates things further is divining which vehicles that may no longer qualify for the 30D credit but DO still qualify for 45W, the Commercial Clean Vehicle Credit.

Here is a sample list of vehicles that are excellent for fleet applications that are still eligible for the 45W tax credit, per the U.S. Department of Energy’s Office of Energy Efficiency & Renewable Energy:

  • Ford E-Transit
  • Ford Mustang Mach-E
  • Hyundai Ioniq 5
  • Hyundai Ioniq 6
  • Hyundai Kona Electric
  • KIA EV6
  • KIA Niro Electric
  • Nissan ARIYA
  • Polestar 2
  • Tesla Model 3 RWD*
  • Tesla Model 3 Long Range AWD*
  • Toyota bz4x
  • Volvo C40 Recharge
  • Volvo XC40 Recharge

*Only the Tesla Model 3 Performance still qualifies for the 30D credit.

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