Ford Pro Working with Ernst & Young LLP to Help Customers Understand Electric Vehicle Tax Credits

• 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.

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.

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