Just So You Know! Government Incentives For Electric Trucks Are Underwriting the Industry
Government regulations are accelerating the adoption of electric vehicles into fleets across the nation. The U.S. federal government's Inflation Reduction Act (IRA) is providing up to $40,000 per vehicle in tax incentives to buyers or lessors of commercial electric vehicles; either 30% of the original purchase price of the vehicle minus the credit, or the price difference between the electric vehicle and an equivalent gas or diesel vehicle.