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Ford Pro Working with Ernst & Young LLP to Help Customers Understand Electric Vehicle Tax Credits
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Ford Pro is enhancing its services for commercial customers by partnering with Ernst & Young LLP to provide free information on Inflation Reduction Act (IRA) electric vehicle tax credits. Qualifying customers can receive up to $7,500 in tax credits for each purchased electric vehicle, including the popular E-Transit and F-150 Lightning. The complimentary service is available to commercial clients with a Fleet Identification Number, catering to those with fleets of 15 vehicles or more or those purchasing five vehicles. This initiative aims to support businesses in understanding IRA incentives, simplifying the transition to electric vehicles.
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Introduction of a complimentary service to help commercial customers understand IRA tax credits.
Potential tax credits of up to $7,500 for qualifying electric vehicle purchases.
Partnership with Ernst & Young to enhance customer support and understanding of incentives.
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Going electric can be challenging for business owners while navigating the intricacies of electric vehicle tax credits offered under the Inflation Reduction Act (IRA), so Ford Pro™, America’s commercial truck leader1, tapped the experts to help
Ford Pro is working with professional services firm Ernst & Young LLP (EY US) to help give electric vehicle customers no-cost information to learn about IRA tax credits for which they may qualify
Commercial customers of Ford E-Transit™, America’s best-selling electric van2, F-150® Lightning™ and other Ford commercial EVs – as well as Ford Pro Charging™ equipment – may qualify for IRA tax credits of up to $7,500 per electric vehicle purchased
DEARBORN, Mich.--(BUSINESS WIRE)--
Ford Pro™ is expanding its one-stop shop for commercial customers with the announcement of a new program designed to help fleets understand Inflation Reduction Act (IRA) electric vehicle tax credits. 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 designed to make electric vehicle adoption more affordable.
Ford Pro electric vehicles: F-150 Lightning, E-Transit van and Mustang Mach-E. (Photo: Business Wire)
Under the IRA, commercial customers may 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 and 2023 F-150® Lightning™ pickup, as well as the 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.
“Businesses tell us they want to better understand incentives to adopt EVs, including charging, especially as it pertains to the U.S. Inflation Reduction Act,” said Ted Cannis, Ford Pro CEO. “This is another way we’re expanding Ford Pro’s one-stop services to help commercial customers simplify and potentially lower the total cost of owning and operating their fleets.”
The complimentary service is open to all Ford commercial customers who have been assigned a Ford Fleet Identification Number (FIN). Customers who qualify for a FIN include those with fleets of 15 vehicles or more, or customers who are currently purchasing five vehicles.
This information is available at no cost to eligible Ford Pro commercial customers and includes a one-time, 30-minute session. Helping provide clarity on IRA tax incentives is one more way Ford Pro is serving commercial customers – alongside vehicles, software, services, charging and financing solutions. To learn more about the potential benefits of the IRA and schedule an appointment, please visit fordpro.com.
1 Based on S&P Global Mobility CY1985-2022 US TIPNet Registrations excluding registration to individuals. TIP Registrations prior to 2010 do not include all GVW 1 and 2 vehicles.
2 Based on 2022 CY Motor Intelligence Data.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough EVs along with embedded software that defines always-on digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, Ford is pursuing mobility solutions through Ford Next, and provides financial services through Ford Motor Credit Company. Ford employs about 173,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.
For news releases, related materials and high-resolution photos and video, visit www.media.ford.com.
What is Ford Pro's new initiative regarding electric vehicle tax credits?
Ford Pro has launched a complimentary service to help commercial customers understand and navigate the electric vehicle tax credits under the Inflation Reduction Act.
How much can businesses save through Ford's electric vehicle tax credits?
Businesses may qualify for tax credits of up to $7,500 for each electric vehicle purchased, including models like the E-Transit and F-150 Lightning.
Who can access Ford Pro's new tax credit service?
The service is available to all Ford commercial customers who have a Fleet Identification Number, typically those with fleets of 15 or more vehicles.
Which electric vehicles qualify for IRA tax credits from Ford?
Eligible vehicles include the 2023 E-Transit van, 2023 F-150 Lightning pickup, 2023 Mustang Mach-E SUV, and 2023 Escape plug-in hybrid.
