WASHINGTON, D.C. — The Internal Revenue Service (IRS) in the US has announced some hefty tax breaks are now available for companies purchasing certain heavy-duty hybrids.
A tax credit of up to US$12,000 is available to US fleets that purchase heavy-duty hybrids, while those buying alternative-fuelled heavy vehicles can claim a credit of up to US$32,000.
Qualifying vehicles include hybrids manufactured by Freightliner Custom Chassis and International Truck and Engine, equipped with the Eaton hybrid-electric system. To view a list of trucks that qualify for the tax credit, visit www.irs.gov and enter ‘QAFMV’ into the search box located at the upper right corner of the site.
Heavy-duty hybrids have been proven to deliver a 6% fuel savings in long-haul applications. Larger fuel savings are achievable in applications that involve more stops and starts.
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