close
close

Hyzon Applauds Final Treasury Regulations Impacting Tax Credits for Eligible Clean Commercial Vehicles

Hyzon Applauds Final Treasury Regulations Impacting Tax Credits for Eligible Clean Commercial Vehicles.

Parker Meeks, CEO of Hyzon (NASDAQ: HYZN), a leading developer of hydrogen fuel cell technology and a global supplier of zero-emission powertrains based in the US, issued the following statement in support of the final regulations of the US Department of Treasury recently published information regarding federal tax credits for the purchase of clean vehicles, including a federal tax credit of up to $40,000 for the purchase of commercially eligible clean vehicles.

Parker Meeks, CEO Hyzon said:

I applaud the Department of Treasury’s issuance of final regulations that clearly state that assemblers like Hyzon may be a “Qualified Manufacturer” and FCEVs retrofitted by Hyzon may be eligible for a Federal Tax Credit for Qualifying Commercial Green Vehicles under Section 45W Tax Office Code.

“This is a victory for Hyzon and the entire hydrogen economy that is poised to power zero-emission transportation across the United States. Hyzon looks forward to continuing to work with policymakers to accelerate decarbonization and the deployment of hydrogen fuel cell technology.”

Hydrogen Central is a global online magazine dedicated to the hydrogen economy. We can help you host impactful webinars that will become a global source of information about you and an always-on source of leads. Click here to request more details

Parker Meeks and other Hyzon executives have consistently advocated with lawmakers and other key stakeholders in Washington for policies and regulations that level the economic playing field for hydrogen-powered vehicles and accelerate our zero-emission future.

TO READ the latest information shaping the hydrogen market at Hydrogen Central

Hyzon Applauds Final Treasury Regulations Impacting Tax Credits for Eligible Clean Commercial Vehicles. source