With several EV tax credits set to expire, August will mark a prime opportunity to purchase commercial EVs in New York as the state prepares to replenish funding for its New York Truck Voucher Incentive Program.
The state program, which reopens next month, offers point-of-sale vouchers ranging from $85,000 to $144,000 to help reduce the cost of zero-emission vehicles, according to a July 15 release by EV truck maker Bollinger Motors. When combined with the federal 45W tax credit — worth up to $40,000 for commercial EVs weighing 14,000 pounds or more — buyers could see significant upfront savings.
However, the federal credit is set to expire after Sept. 30 as part of President Donald Trump‘s One Big Beautiful Bill Act.
“The New York program is a model for how government incentives can stimulate the market for clean transportation,” Jim Connelly, chief revenue officer at Bollinger Motors, stated in the release. “Any company with sustainable transportation goals that wants to take advantage of this access to important incentives should act quickly.”
