EU companies to benefit from US subsidy scheme for commercial vehicles

Yesterday, the US issued new guidance reaffirming that EU companies can benefit from the Commercial Clean Vehicle Credit scheme under the US Inflation Reduction Act. 

The US Inflation Reduction Act (signed into law on 16 August 2022) offers financial incentives to support the green transition. In the case of clean vehicles, the two main incentives are tax credit programmes, both for commercial operators and one for private consumers. However, the consumer tax credit contains several provisions, including local content, production or assembly requirements, which discriminate against EU automotive producers.  Following the objections of the EU to this, on 25 October 2022, the EU and the US launched the EU-US Task Force on the Inflat