U.S. Department of the Treasury Releases Proposed Rules for Qualified Commercial Clean Vehicles

Proposed rules for Qualified Commercial Clean Vehicle Credit will help lower transportation costs, support domestic auto manufacturing, and strengthen U.S. energy securityWASHINGTON – Today, the U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) issued a Notice of Proposed Rulemaking(NPRM) on the credit for Qualified Commercial Clean Vehicles (45W) established by the Biden-Harris Administration’s Inflation Reduction Act.The credit for qualified commercial clean vehicles (45W) may be claimed by purchasing and placing in service qualified commercial clean vehicles – including certain battery electric vehicles (BEVs), plug-in hybrid EVs (PHEVs), fuel cell electric vehicles (FCEVs) and plug-in hybrid fuel cell electric vehicles (PHFCEVs).