Client Success Story
Preserving $200 Million in Clean Vehicle Credits Under Compressed Statutory Deadlines
The Problem
One of the largest vehicle rental companies in the US generated substantial Clean Vehicle Credits (§30D) through the expansion of its electric vehicle fleet. Following the enactment of new rules under the OBBBA legislation, the company’s tax profile shifted significantly. The changes eliminated the company’s ability to sell the vehicles and generate EV-related credits after September 30, 2025, unless a qualifying tax-equity partnership was in place. Without swift action, the Company faced the prospect of a multi-year carryforward with no clear path to utilization, potentially stranding over $200 million in credits.
The auto leasing company informed RCM that it needed to secure a binding commitment from a qualified credit buyer by the September 30 deadline, only 17 days from the moment RCM was brought into the process.
RCM Action & Outcome
Through precise execution, deep technical expertise, and rapid coordination across multiple parties, RCM enabled the company to avoid the loss of over $200 million in tax credits generating cash value from its EV program despite extremely compressed change in law timing.
Immediately mobilized outreach to RCM’s network of Fortune 500 credit buyers, leveraging existing relationships and pre-vetted tax-equity counterparties.
Identified a high-quality investor capable of meeting the statutory deadline and completing diligence on an accelerated basis.
Successfully negotiated and executed a binding commitment prior to September 30, preserving the company’s ability to monetize its Clean Vehicle Credits.
Connect with RCM
Get in touch to learn how we can help you take full advantage of transferable energy tax credits. Our team is here to guide you through every step with clarity, confidence, and compliance.