Envirotech Vehicles Announces Eligibility for Inflation Reduction Act's Commercial Clean Vehicle Credit

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Mar 21, 2023

OSCEOLA, AR / ACCESSWIRE / March 21, 2023 / Envirotech Vehicles, Inc. (NASDAQ:EVTV), a provider of new zero-emission, purpose-built electric vehicles ("EVTV"), announced today that customers that purchase EVTV commercial electric vehicles with a gross vehicle weight rating (GVWR) of over 14,000 pounds are now eligible to receive a tax credit of $40,000 per vehicle under the Inflation Reduction Act (IRA) commercial clean vehicle credit. Vehicles that qualify for this credit in EVTV's portfolio today include the company's medium-duty logistics vans and urban trucks, with future vehicles such as the company's school bus offering expected to qualify as well.