Commercial Clean Vehicle Credit Now Available in the USA
The USA continues to lead the way when it comes to incentivizing companies to make the switch to sustainable EV solutions, with the Manufacturers for Qualified Commercial Clean Vehicle Credit potentially offering significant savings on new SEA Electric vehicle purchases.
The offer is open to businesses and other tax-exempt organizations that buy a qualified commercial clean vehicle, of which SEA Electric is listed as a manufacturer, with the Commercial Clean Vehicle Credit potentially valued up to $40,000 under Internal Revenue Code (IRC) 45W.
The value of the credit equals the lesser of 30 per cent of your basis in the vehicle (due to SEA Electric’s all-electric power-system), or the incremental cost of the vehicle.
The maximum credit is $40,000 for all vehicles with a GVWR over 14,000 pounds, with this value stackable with most state-based incentives.
This particular credit is only applicable to SEA Electric VIN-plated vehicles model year 2023 and forward, with SEA Electric providing the IRS with VINs produced from Q2 2023, so that the applicable credits can be matched.
Importantly, at this time, there is no limit to the number of credits a purchaser can request, therefore making the program applicable for large fleet purchases.
For businesses, the credits are nonrefundable, so the buyer can’t receive more on the credit than is owed in taxes, while the trucks must be used for business and not resale, be primarily used within the United States, and not have been allowed another credit under sections 30D or 45W of the IRC.
It is worth noting that the Commercial Clean Vehicle Credit is not a credit from SEA Electric, so it will not be reflected in the commercial invoice at the time of purchase, with the IRS currently in the process of creating the claim form for the credit type – prospective purchasers are advised to check out the IRS website for the latest details.
https://www.irs.gov/credits-deductions/commercial-clean-vehicle-credit
For a thorough deep dive into a state-by-state breakdown of the possible financial incentives available in your area, SEA Electric has prepared the ‘Incentives & You: SEA Electric’s USA Guide’, which is available by clicking here.
https://www.sea-electric.com/incentives-you-sea-electrics-usa-guide/
- Published in Articles, Driving The Change, Media Release, News
SEA Electric’s Double Alsco Delivery
SEA Electric, the Australian innovator in the all-electric commercial vehicle space, has delivered a pair of trucks to Alsco Australia, in the next step for the leader in uniform rental services to achieve its 2030 sustainability goals.
The SEA Electric SEA 85e model trucks are destined for Sydney and Melbourne, with the pair fitted with a high specification SEA-Drive® 120a power-system with maximum power and torque of 125kW and 1,500Nm, with the 138kWh battery capable of an unladen range of up to 300km.
Importantly, the trucks are equipped with an all-electric powered tailgate, which operates on energy supplied entirely by the onboard high-voltage batteries.
“We applaud Alsco for supporting Australian manufacturing and taking the next step on their EV journey with SEA Electric,” said Daniel Castro, President – Asia Pacific, SEA Electric.
“Alsco have these trucks destined for some significant routes within their business, with our SEA-Drive® power-system proven to be up to the task.
While the trucks are new to Alsco in Australia, Alsco in New Zealand were early adopters of SEA Electric’s pioneering commercial vehicle technology, with multiple deployments including that country’s first inter-city pure-electric heavy vehicle.
“We are proud to continue our relationship with Alsco with the delivery of this pair of SEA Electric SEA 85es, proof of their commitment to make a true difference in their environmental credentials,” said Tony Fairweather, CEO and founder, SEA Electric.
“From peerless green credentials to financial savings achieved through the elimination of diesel expense, and improved workplace health and safety for drivers and those on delivery routes, our products have been extensively proven in the field since they were first commercially deployed in 2017.
Leading Sydney truck dealership group Adtrans, managed and delivered the order, as a continuation of the company’s long-term relationship with Alsco, which spans decades.
“We congratulate Alsco on this important milestone,” said Mark Reynolds, Adtrans Dealer Principal.
“This delivery is the culmination of a long-term project by our whole team, to see these trucks delivered to Alsco, as they show a true commitment to lower their environmental footprint across Australia.
“Beyond the sale of the SEA Electric trucks, we are proud that we can continue to work with Alsco in supporting their EV adoption, with ongoing assistance and support that will see the vehicles integrate seamlessly into their operations.”
For Alsco, the acquisition of the SEA Electric trucks coincides with a company-wide push for sustainability, which to date has included the installation of solar panels across various sites.
“In around 2017, we noticed that conversations were changing in the marketplace, and customers were demanding more of us in terms of a better future and our ongoing legacy,” said Mark Roberts, Group Chief Executive, Alsco Australia.
“We’ve listened to our customers, and we are driving our business differently, which includes reassessing our environmental impact and how we interact with our local communities.
“Our SEA Electric partnership has been ongoing for a number of years now, stretching back to New Zealand, and we have built on that with the delivery of these two vehicles in Australia.
“It’s our first foray into EVs locally, and we intend to do a lot more in the space.
“The really exciting thing is that this Melbourne truck will be powered entirely by renewables, with our recent facility extension including the installation of rooftop solar.”
The new vehicle was presented to the Alsco team, by SEA Electric, Sales Director, Marco Quaranta.
“This milestone not only symbolises our commitment to revolutionising the industry with eco-friendly solutions but also confirms our partnership with Alsco in shaping a sustainable future for logistics. Together, we are redefining the way businesses move forward with purpose and environmental responsibility,” said Mr Quaranta
SEA Electric’s range of all-electric trucks is available from a nationwide dealer network, covering models from 4.5t through to 22.5t, which are entirely adaptable to a massive array of final applications.
The trucks come complete with full factory warranties supported by an extensive service network, backed by a growing list of ecosystem partners, ensuring a simple switch for companies transferring to sustainable solutions.
- Published in Articles, E-Range, Media Release, News, SEA-Drive
SEA Electric Welcomes Industry Veteran as APAC Sales Director
Australian all-electric truck manufacturer SEA Electric is proud to announce the appointment of transport industry veteran Marco Quaranta as the company’s new Sales Director for the Asia Pacific.
Mr Quaranta brings to SEA Electric, 35 years of experience from his previous roles at IVECO, with various tenures based in Australia, Korea, Thailand, Hong Kong and his native Italy.
Within IVECO Australia, Mr Quaranta, held several roles over the last 17 years, including Institutional Relations and Alternative Propulsions Manager, National Product & Marketing Manager, Branch Manager, and National Sales Manager.
Mr Quaranta commences in the new role effective July 3rd.
“We are honoured to have Marco joining the team here at SEA Electric, he brings to the company a wealth of knowledge with a complete transport industry skillset,” said Daniel Castro, SEA Electric President – Asia Pacific.
“From sales and marketing, network development, product and branch management and more, he knows the industry inside and out.
“Marco’s expertise and achievements range from successfully opening new markets to analysing market demand and developing the corresponding product offering, plus leading sales and marketing teams to growth and profitability.
“Importantly, he is already familiar with many of the members of our dealer network, so he will be a natural fit.
“It’s an exciting time in the zero-emissions logistics sector, and with Marco on board, we look forward to reaching more major milestones in the future.”
For Mr Quaranta, the opportunity to join SEA Electric is an exciting one.
“It’s clear that the transport industry is moving towards sustainable technologies, with SEA Electric’s solutions proven in the field to be adaptable to practically any situation,” he said.
“Having been developed for over a decade, what we bring to the market is the best performing, most efficient, and best value for money all-electric system available, as recognised and adopted by major OEMs around the world.
“The possibilities are endless, and I’m looking forward to joining the dynamic team of professionals at SEA Electric and playing my part in helping fleets make the switch.”
Available nationwide, the SEA Electric offering of zero-emissions trucks are available in various specifications, from 4.5t car licence models through to 22.5t three-axle rigid configurations, as manufactured at the company’s Melbourne base.
A key major vehicle specification upgrade was unveiled at the recent Brisbane Truck Show, with the announcement of SEA-DAS, the SEA Driver Assistance System.
The standard features include Vehicle Stability Control, Automatic Emergency Braking, Pedestrian Detection, Lane Departure Warning, Traction Control, an Anti-lock Braking System (ABS), and dual airbags.
Also at the event, the all-electric truck range received a naming convention overhaul to bring the models in-line with worldwide SEA Electric products, with the SEA 45e, SEA 85e, SEA 140e, SEA 160e and SEA 225e able to be configured in a wide array of specifications for many final applications.
- Published in Articles, Media Release, News, SEA-Drive