PACCAR INC

TAX · Taxation/Internal Revenue Code

Provided general updates to Members of Congress, Congressional staff, and federal agencies and discussed the impact of the 12% Federal Excise Tax and the implementation of the Section 45X advanced manufacturing production credit and other tax incentives on truck manufacturing, plant upgrades, and LFP battery production in the U.S.

MAN · Manufacturing

Provided general updates on manufacturing and supply chain issues including tariff and regulatory impacts to Members of Congress, Congressional staff, and federal agencies and updated policymakers on a joint venture to manufacture and localize the supply chain for commercial electric vehicle battery cells in the U.S.

TRA · Transportation

Provided general updates to Members of Congress, Congressional staff, and federal agencies and discussed the impact of current and proposed legislation and regulations, tariffs, and data and technology policies on truck manufacturers and the U.S. transportation system.

TRU · Trucking/Shipping

Provided general updates to Members of Congress, Congressional staff, and federal agencies, discussed the impacts of current and pending regulations, tariffs, tax and technology policies on the trucking industry including information on advanced safety and autonomous and connected vehicle technologies.

TRD · Trade (domestic/foreign)

Provided general updates to Members of Congress, Congressional staff, and federal agencies on PACCAR's U.S. and global operations; discussed current, previous, and proposed IEEPA, Section 232, 122, and 301 tariffs on U.S. truck manufacturing and supply chains; submitted public comments regarding the U.S.-Mexico-Canada Agreement (USMCA) Joint Review; and discussed the 45X Advanced Manufacturing Production Credit and its impact on LFP battery production in the U.S.

ENG · Energy/Nuclear

Provided general updates to Members of Congress, Congressional staff, and federal agencies; discussed developments in clean diesel and fuel efficiency technologies for commercial vehicles including through the SuperTruck 2 and 3 programs; and discussed the implementation of tax incentives and grant programs including the Section 45X Advanced Manufacturing Production Credit and Domestic Manufacturing Conversion Grant Program.

ENV · Environment/Superfund

Provided general updates to Members of Congress, Congressional staff, and federal agencies on developments in clean diesel and fuel efficiency technologies for commercial vehicles and discussed regulatory issues including EPA's Phase 2 and 3 GHG emissions standards, NHTSA fuel efficiency standards, and EPA's low-NOx standards for heavy-duty vehicles.