Workhorse Receives IRS Approval for Commercial Clean Vehicle Credit
12 Septiembre 2023 - 3:05PM
Workhorse Group Inc. (Nasdaq: WKHS)
(“Workhorse” or “the Company”), an American technology
company focused on pioneering the transition to zero emission
commercial vehicles, today announced that it has received IRS
approval as a qualified manufacturer for the Commercial Clean
Vehicle Credit as defined in 30D(d)(3) of the Internal Revenue
Code. With this approval, Workhorse customers are eligible to
receive up to a $40,000 credit for deliveries of all Workhorse
vehicles in 2023 and beyond.
“We are focused on leading the transition to commercial EVs to
make last-mile delivery more efficient and less harmful to the
environment and are pleased that the IRS recognizes the inherent
sustainability of our commercial EVs,” said Workhorse CEO Rick
Dauch. “We look forward to providing this credit to our customers
as we deliver our all electric, dependable, high quality
commercial vehicles.”
Workhorse will be listed as a Qualified Manufacturer on
the IRS Qualified Manufactured index on IRS.gov. Additional
information on commercial clean vehicle tax credit can be found
here.
About Workhorse Group Inc.Workhorse is a
technology company focused on providing ground and air-based
electric vehicles to the last-mile delivery sector. As an American
original equipment manufacturer, we design and build high
performance, battery-electric trucks and drones. Workhorse also
develops cloud-based, real-time telematics performance monitoring
systems that are fully integrated with our vehicles and enable
fleet operators to optimize energy and route efficiency. All
Workhorse vehicles are designed to make the movement of people and
goods more efficient and less harmful to the environment. For
additional information visit workhorse.com.
FORWARD LOOKING STATEMENTSThis press release
contains forward-looking statements reflecting our current
expectations that involve risks and uncertainties. These statements
are made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. When used in this
document, the words “anticipate,” “expect,” “plan,” “believe,”
“seek,” “estimate,” “will,” and “continue” and similar expressions
are intended to identify forward-looking statements. These
statements involve substantial risks and uncertainties. For a
further description of the risks and uncertainties relating to the
business of the Company in general, see the Company’s filings with
the Securities and Exchange Commission, including the Company’s
Annual Report on Form 10-K for the year ended December 31, 2022 and
Quarterly Reports on Form 10-Q for the quarters ended March 31,
2023 and June 30, 2023. Forward-looking statements speak only as of
the date hereof. We expressly disclaim any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in our expectations with regard thereto or any change in events,
conditions, or circumstances on which any such statement is based,
except as required by law.
Media Contact:Aaron Palash / Greg KlassenJoele
Frank, Wilkinson Brimmer Katcher212-355-4449
Investor Relations Contact:Matt Glover and Tom
ColtonGateway Investor
Relations949-574-3860WKHS@gateway-grp.com
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