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The Bollinger B4, with a GVWR of 15,500 pounds, will be available later this year and the company said it qualifies for up to a $40,000 federal tax credit under the Inflation Reduction Act of 2022.
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Ford’s commercial division is working with professional services firm Ernst & Young LLP (EY US) to help provide customers with information on potentially valuable tax credits and incentives.
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The only EVs eligible for the tax credit are those assembled in North America. Another condition requires batteries be built with rare earth metals that are extracted or processed in a country where the U.S. has a free trade agreement.
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The credit for zero-emission heavy-duty trucks and buses over 14,000 lbs. would equal 10% of the sales price. The credit would be a boon to buyers of electric trucks from new manufacturers.
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A bill that would terminate the $7,500 federal tax credit for electric vehicles was introduced by U.S. Sen. John Barrasso (R-Wyo.), chairman of the Environment and Public Works committee.
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The state will hold a hearing on offering a $4,500 subsidy for electric vehicles that are sold in the state.
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