Mustang is a leading freight company that has a massive fleet of heavy-duty trucks. Mustang is responsible for thousands of miles each day and associated carbon emissions. Mustang works regularly with ports across the nation to ship its goods across seas. It should explore the following funding opportunities:
- Commercial Clean Vehicle Tax Credit (45W): As a commercial entity, Mustang can qualify for a tax credit of up to 30% of the cost of an electric heavy-duty truck.
- Carbon Reduction Program: Mustang can work with a state to access funds from the Carbon Reduction Program to purchase electric vehicles and equipment.
- Port Infrastructure Development Program: Mustang can work with an associated port to access funds from the Port Infrastructure Development Program. Together, Mustang and a port can gain funds for electrification planning, technical assistance, and grid upgrades.
Please note that the case study above is imaginary and that funding pathways will be updated by the EC monthly. Results are comprehensive, but may not be reflective of imminent program changes. EV Funding Finder users should also be sure to inquire about state-specific incentives that could further support projects. For additional information on deadlines and RFPs, check out the Climate Program Portal.