Inflation Reduction Act
Take Advantage of the Inflation Reduction Act Incentives with Ford Pro™
Ford Pro™ makes it easy to electrify your fleet with EVs like the E-Transit™ van, Ford F-150® Lightning® truck, the Mustang Mach-E® SUV, and the plug-in hybrid Escape® SUV along with a number of charging and software solutions. And with the potential tax incentives from the Inflation Reduction Act, now may be a good time to start planning the transition.
Business EV Incentive
Whether you’re a sole operator, a small business or a large fleet, you may be eligible for as much as $7,500 in federal tax credits for each qualifying EV or PHEV you purchase.
Government EV Incentive
Beginning in 2023, qualifying government entities including states, counties, and cities may also take advantage of the commercial clean vehicles tax credit because the Inflation Reduction Act creates a way for such tax-exempt entities to get a monetary benefit.
EV Charger Incentive
Businesses that purchase and install EV charging equipment in 2022 or 2023 may be eligible for credits up to 30% of the cost of the equipment, depending on your situation.
The Inflation Reduction Act May Help Electrify Your Fleet
Business EV Incentive
Sole operator. Small business owner. Fleet manager of a company, municipality, or state government. No matter who you are, we’re sure you have questions about the potential benefits of the Inflation Reduction Act when it comes to electric vehicles (EVs), plug-in hybrid vehicles (PHEVs), and/or charging equipment. Well, here’s some info that might help. And like everything you do when it comes to your business or organization, it’s always best to ask your tax professional or accountant.
The Inflation Reduction Act makes new tax credits available for commercial buyers of qualifying EVs and PHEVs, and for individuals and businesses that purchase and install EV charging equipment. These financial incentives could save thousands of dollars on your business’ taxes, depending on your situation.1 Plus, many states also offer additional rebates and incentives.
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