Jenkins: IRA commercial EV tax credits have no domestic content requirements
Jesse Jenkins · What the Inflation Reduction Act of 2022 would mean for climatetech · Aug 5, 2022 · at 33:28
Energy systems modeler Jesse Jenkins breaks down provisions of the 2022 Inflation Reduction Act for host Shail Khan, contrasting commercial and consumer EV incentives.
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“The bill provides a 30% investment tax credit for purchase of clean vehicles. That includes electric and fuel cell vehicles in by any business. So any depreciable property gets a 30% investment tax credit for the purchase of an electric A electric vehicle or a fuel cell vehicle up to 40,000 dollars for medium and heavy duty vehicles and up to 7500 dollars for light autos and trucks. So if you're Amazon and you're thinking about electrifying your delivery fleet or your Enterprise or Avis and you're thinking about buying EVs for your rental fleet, they all just got way cheaper. And those are not at all tied to domestic content requirements.”
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