What’s Happening: Ford Pro, the commercial division of Ford Motor Company, is expanding its offerings with a new program aimed at helping commercial customers understand the electric vehicle tax credits under the Inflation Reduction Act (IRA). Ford Pro has partnered with professional services firm Ernst & Young LLP (EY US) to provide customers with information on valuable tax credits and incentives to make electric vehicle adoption more affordable.
Why It Matters: As businesses express interest in understanding the incentives for adopting electric vehicles, this partnership helps simplify the process and potentially lowers the total cost of owning and operating fleets. This move aligns with Ford’s commitment to providing comprehensive solutions for commercial customers, including vehicles, software, services, charging, and financing solutions.
Key Points:
- The IRA allows commercial customers to qualify for potential electric vehicle tax credits of up to $7,500 per EV purchased.
- Ford vehicles that may qualify for IRA tax credits include the 2023 E-Transit van, 2023 F-150 Lightning pickup, 2023 Mustang Mach-E SUV, and 2023 Escape plug-in hybrid.
- Businesses that purchase and install Ford Pro Charging equipment may also qualify for IRA tax credits.
- The complimentary service is open to all Ford commercial customers who have been assigned a Ford Fleet Identification Number (FIN), which includes those with fleets of 15 vehicles or more or customers who are currently purchasing five vehicles.
- Eligible Ford Pro commercial customers can access this information at no cost, including a one-time, 30-minute session.
Bottom Line: Ford Pro’s partnership with EY US is designed to assist commercial customers in understanding the Inflation Reduction Act’s potential benefits and tax credits, further expanding Ford Pro’s one-stop services for commercial customers. By providing this complimentary service, Ford Pro continues to support businesses in their transition to electric vehicle adoption, simplifying the process, and lowering the total cost of ownership.
