A group of leading businesses has formed the American Fleet Leadership Coalition to maintain the Inflation Reduction Act’s 45W Commercial Clean Vehicle Tax Credit.
The 45w tax credit provides $7,500 for commercial vehicles less than 14,000 lbs. and up to $40,000 for all other commercial vehicles.
Photo: Chris Brown
2 min to read
Aiming to preserve the benefits of the Inflation Reduction Act’s 45W Tax Credit, also known as the Commercial Clean Vehicle Tax Credit, a group of leading U.S.-based businesses has formed the American Fleet Leadership Coalition.
Under IRS Code Section 45W, organizations can claim a tax credit for up to $40,000 for the purchase of a qualified commercial clean vehicle. The maximum tax credit allowed is $7,500 for a qualified commercial clean vehicle with a gross vehicle weight rating of less than 14,000 lbs. GVW and up to $40,000 for all other vehicles.
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Source: American Fleet Leadership Coalition
The newly launched website states, “The American Fleet Leadership Coalition was established as a direct, coordinated, and unified effort to protect 45W. The Coalition’s primary objective is to articulate to members of Congress and their constituents that 45W is not simply a tax credit – it represents a strategic investment with far-reaching economic implications for the United States.”
The Coalition’s purpose is to urge Congress to save the Commercial Clean Vehicle Tax Credit, noting that rescinding it would lead to the loss of approximately 130,000 American EV jobs nationwide by 2030, and an additional 310,000 across other sectors.
“Repealing the Commercial Clean Vehicle Tax Credit would undermine these laudable ambitions by causing immense harm to businesses that have harnessed this credit to electrify vehicles in their fleet to lower operating costs, improve reliability, provide a safer and better work environment for their drivers, and grow their workforce,” said Josh Green, founder of the American Fleet Leadership Coalition and CEO of Inspiration Mobility Group.
The Coalition stands by its mission, adding that the tax credit is critical to the U.S. economy as it supports the growth of American businesses using commercial vehicles, endorses a made-in-America supply chain, bolsters U.S. energy independence, and enhances U.S. global competitiveness.
“This tax credit helps large and small businesses in every corner of the country, supporting job growth, domestic manufacturing, and American energy dominance. American businesses require a stable, predictable policy environment to plan and invest," Green said. "Shortening the 45W credit from 2031 to 2025 disrupts long-term planning and investment that is already underway."
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