Workhorse Group jumps 20% after IRS approval for Commercial Clean Vehicle Credit

Shares of zero-emission commercial vehicles-maker Workhorse Group jumped over 20% to 79c per share in late-day trading after announcing IRS approval for Commercial Clean Vehicle Credit -Workhorse Group announced that it has received IRS approval as a qualified manufacturer for the Commercial Clean Vehicle Credit as defined in 30Dd3 of the Internal Revenue Code. With this approval, Workhorse customers are eligible to receive up to a $40,000 credit for deliveries of all Workhorse vehicles in 2023 and beyond.