GreenPower has announced that it is now a qualified manufacturer for the commercial clean vehicle credit under the Inflation Reduction Act. This means that businesses and tax-exempt organizations that purchase GreenPower’s all-electric commercial vehicle models weighing greater than 14,000 pounds GVWR can receive up to $40,000 in tax credits, while vehicles weighing less than 14,000 pounds GVWR are eligible for up to $7,500 in tax credits.
The commercial clean vehicle credit was introduced on January 1, 2023, to incentivize the adoption of electric vehicles and support domestic production. As a qualified U.S. manufacturer, GreenPower can proudly provide cleaner and safer transportation alternatives to businesses looking to deploy purpose-built, all-electric vehicles, including trucks and cargo vans.
See also: GreenPower announced of Nano Beast electric school bus
Brendan Riley, President of GreenPower, noted that as businesses continue to explore and invest in electrifying their fleets, they need help with costs to accelerate adoption. With the tax credit, owning an all-electric commercial vehicle will be more affordable in the long run than ICE units, in many cases.
GreenPower’s innovative technologies can help businesses drive down fuel costs and minimize maintenance costs while delivering outstanding reliability, efficiency and helping address climate change. The company’s all-electric commercial vehicles eligible for the credit include the EV Star, EV Star Cab and Chassis, EV Star Cargo and Cargo Plus, Type D BEAST, and Type A Nano BEAST.
The EV Star is a multi-purpose, zero-emission, passenger transportation vehicle with a range of up to 150 miles and dual charging capabilities. It is the only Altoona tested vehicle in its class with the highest score of 92.2 and can be used for paratransit, employee shuttles, micro-transit, and vanpool service. The EV Star Cab and Chassis, on the other hand, is classified as a heavy-duty class 4 mini-bus with a carrying capacity of 6,000 pounds and offers a 118-kWh battery capacity, capable of up to 150 miles of range on a single charge. The EV Star Cargo line up exceeds delivery needs with a carrying capacity of up to 5,000 pounds, a cargo volume of up to 836 cubic feet and a driving range of 150 miles. The Type D BEAST, GreenPower’s all-electric, zero-noise pollution school bus, features a Monocoque chassis and has been designed from the ground up to be battery electric. Lastly, the Type A Nano BEAST is purpose-built on GreenPower’s flagship EV Star platform with proven efficiency and reliability, delivering a longer range and setting the new standard for zero-emissions student transportation.
See also: GreenPower Launches Third Round of All-Electric School Bus Pilot in West Virginia
GreenPower’s all-electric commercial vehicles provide a cost-effective and environmentally-friendly solution for businesses looking to electrify their fleets. With the availability of tax credits, now is the perfect time for businesses to take advantage of these vehicles and help create a cleaner, more sustainable future.
