Hyzon Applauds Final Treasury Regulations Impacting Tax Credits for Qualified Commercial Clean Vehicles.
Today, Parker Meeks, Chief Executive Officer of Hyzon (NASDAQ: HYZN), a U.S.-based, leading hydrogen fuel cell technology developer and global supplier of zero-emission powertrains, issued the following statement in support of final regulations the U.S. Department of the Treasury recently released regarding federal tax credits for purchasing clean vehicles, including the up to $40,000 federal tax credit for purchasing qualified commercial clean vehicles.
Parker Meeks, Chief Executive Officer of Hyzon, said:
I applaud the Treasury Department’s release of these final regulations, which make clear that upfitters like Hyzon can be a ‘qualified manufacturer’ and FCEVs upfitted by Hyzon can be eligible for the federal tax credit for qualified commercial clean vehicles under Section 45W of the Internal Revenue Code.
“This is a win for Hyzon and the entire hydrogen economy, which is prepared to power zero-emission transportation throughout the United States. Hyzon looks forward to continued engagement with policymakers to accelerate decarbonization and the deployment of hydrogen fuel cell technology.”
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Parker Meeks and other Hyzon executives have consistently advocated with lawmakers and other key stakeholders in Washington, D.C. for policies and regulations that will level the economic playing field for hydrogen-powered vehicles and accelerate our zero-emission future.
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Hyzon Applauds Final Treasury Regulations Impacting Tax Credits for Qualified Commercial Clean Vehicles. source
