"Revised EV Tax Credit Qualifications Limit Eligible Models to Only 6"
TL;DR
Only six pure electric vehicles (EVs) on sale in the US qualify for the full $7,500 EV tax credit, according to the Treasury Department's final list of eligible vehicles. To qualify, automakers had to prove that at least 50% of their battery components and 40% of their critical minerals were sourced from the US or its trade partners. The changes to the EV tax credit qualifications went into effect on 19 April. The move has raised concerns that the US's transition to EVs may be hampered by the unavailability of the full tax credit.
Topics:businesselectric-vehicles#automakers#battery-components#critical-minerals#electric-vehicles#ev-tax-credit
- Only 6 pure EVs on sale today qualify for the full EV tax credit Yahoo Finance
- Here are the EV models eligible for new tax credits up to $7,500 CNN
- U.S. Treasury announces revised qualifications for EV tax credits CNBC Television
- Paul W. Smith: EVs prompting seismic auto shift Detroit News
- Starting tomorrow, only six EVs will still qualify for a $7,500 federal tax credit Yahoo Finance
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