This credit allows businesses and tax-exempt organizations, like state and local governments, to reduce the cost of purchasing an alternative fuel vehicle. The credit has been particularly helpful for school districts to electrify their bus fleets, helping them reduce Operation and Maintenance (O&M) costs and reinvest those dollars in driver pay, school resources, and more.
Rivian Auto Plant
- Status: Operational
- Location: McLean County, IL
- Congressional District: Illinois 17th
- Technology: Electric Vehicles
- Relevant Tax Provisions:
- Manufacturing Production Credit (45X)
- Producing vehicles that qualify for the Clean Commercial Vehicles Credit (45W) and New Clean Vehicle Credit (30D)
- Fast Facts:
- Rivian purchased a shuttered automotive manufacturing plant in Normal, IL in 2017. Since then, Rivian has added thousands of manufacturing jobs to McLean County, with plans to add hundreds more as the company expands the original footprint of the plant to launch its next generation R2 platform.
- Since starting operations in 2021, the plant has produced over 100,000 vehicles.
- Rivian collaborates with Heartland Community College in Normal, IL, to administer an Associate in Applied Science Degree program focused on electric vehicle (EV) technology. The company provides its technology for training and company employees serve as instructors.
Photo Steve Helber, Copyright 2021 The Associated Press. All rights reserved.
Volvo Trucks New River Valley Facility
- Status: Operational
- Location: Dublin, VA (Pulaski County)
- Congressional District: Virginia 9th
- Technology: Electric Vehicles (EVs)
- Relevant Tax Provision:
- Electric trucks produced at this facility are eligible for the Clean Commercial Vehicles Tax Credit (45W).
- Fast Facts:
- Volvo Truck’s New River Valley (NRV) facility employs approximately 3,600 people, making it the largest manufacturing employer in Southwestern Virginia.
- At 2.3 million square feet, the NRV facility is Volvo Truck’s largest factory in the world.
- Since 2021, the NRV facility has been producing the VNR Electric, among other models, an integral part of the global automaker’s fleet electrification strategy.