By Dean Seal


Shares of Workhorse Group rose after the company said it has received approval from the Internal Revenue Service to be a qualified manufacturer for the Commercial Clean Vehicle Credit.

The stock was up 11% at 70 cents in early trading. Shares are still down by more than 50% so far this year.

The Cincinnati company said after the bell on Tuesday that the approval makes Workhorse customers eligible to receive up to a $40,000 credit for deliveries of Workhorse vehicles.


Write to Dean Seal at dean.seal@wsj.com


(END) Dow Jones Newswires

09-13-23 1055ET