The Fast Forward video series connects leaders in fleet, tech, and automotive to show what the future holds for fleets of all types. In episode 27, Chris Brown, Bobit fleet group editor, connects with David Schwietert, chief policy officer for the Alliance for Automotive Innovation. They discuss the Inflation Reduction Act’s electric vehicle tax credits and how fleets can calculate eligibility by purchaser and vehicle type and class.
The cost differentials and BEV premiums demonstrated in the video are from this U.S. Department of Energy Analysis. For 2023, the Treasury Department has effectively granted eligible taxpayers safe harbor regarding calculations of those differentials, premiums, and credits. Calculations are subject to change after 2023. The Treasury notice on 45W can be accessed here.
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This video segment represents an overview of certain provisions of the Inflation Reduction Act, and it should not be construed as legal advice. Individuals and companies are encouraged to review the Act with their tax counsel and/or accountants.
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