GreenPower electric vehicles qualify for American Federal tax credits
By Luke Willetts - 17th March 2023
USA / Canada – Electric-powered medium and heavy-duty vehicle manufacturer, GreenPower Motor Company Inc, based in Vancouver, British Columbia, Canada, has announced that its vehicles with a gross weight exceeding 14,000 pounds (6350 kg) now qualify for commercial clean vehicle tax credits of up to USD40,000 under the Inflation Reduction Act in the USA. Vehicles weighing less than 14,000 pounds are available for up to USD 7,500 in tax credits. Under the Inflation Reduction Act, the commercial clean vehicle credit aims to incentivise businesses to purchase EVs through tax breaks, with no limit on the number of tax credits a business can claim.
Brendan Riley, President of GreenPower said: