A bipartisan group of 31 members of Congress has submitted a letter to the U.S. Department of the Treasury, urging clarification of the Commercial Clean Vehicle Credit under the Inflation Reduction Act (IRA) of 2022. The letter requests Treasury issue guidance to confirm that off-road electric machinery—such as electric bulldozers, excavators, sprayers, and forklifts—qualifies for the tax credit.
Glenn Hansen is an Editor for Outdoor Power Equipment Business and Powersports Business media environments. With a focus on the outdoor power equipment and powersports industries, Glenn covers topics such as new product releases, industry trends, and financial reports. His work has also been featured in Powersports Business.