PACCAR INC

TRA · Transportation

Provided general updates to Members of Congress, Congressional staff, and federal agencies and discussed the impact of current and proposed regulations, tariffs, and tax policies on truck manufacturing and the U.S. trucking industry.

TRU · Trucking/Shipping

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

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 on new truck purchasing, manufacturing, plant upgrades, battery production, and commercial electric truck charging and hydrogen fueling infrastructure.

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 the impacts of IEEPA and Section 232 tariffs on U.S. truck manufacturing and supply chains, and discussed the importance of the 45X Advanced Manufacturing Production Credit for transitioning electric commercial vehicle battery manufacturing, suppliers, and technical expertise back to the United States.

MAN · Manufacturing

Provided general updates on manufacturing and supply chain issues including tariff 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 batteries in the United States.

ENG · Energy/Nuclear

Provided general updates to Members of Congress, Congressional staff, and federal agencies, discussed developments in zero- and near-zero emissions and fuel efficiency technologies for commercial vehicles including through the SuperTruck 2, SuperTruck 3, and SuperTruck Charge programs, and discussed the implementation of tax incentives and grant programs including the Section 45X Advanced Manufacturing Production Credit, Domestic Manufacturing Conversion Grant Program, and Section 48C Qualifying Advanced Energy Project Credit.

ENV · Environment/Superfund

Provided general updates to Members of Congress, Congressional staff, and federal agencies on developments in zero- and near-zero emissions and fuel efficiency technologies for commercial vehicles and discussed regulatory issues including EPA's Phase 3 GHG emissions rule, EPA NOx standards for heavy-duty vehicles, and EPA waivers for California emissions regulations.