"Updated List of EV Models Eligible for Tax Credits Announced by U.S. Treasury"
TL;DR
The US Treasury Department has limited the list of electric vehicles eligible for a $7,500 consumer tax credit to American-built cars made with battery components from the US or its trading partners. Only 10 electric and plug-in hybrid vehicles qualify for the full tax credit, including Tesla's Model Y and Model 3 and the Chevrolet Bolt. The move is part of the Biden administration's efforts to promote EV adoption and build a domestic supply chain. The winners are American brands like Tesla, GM, and Ford, while foreign brands like Hyundai, Kia, Nissan, and Volkswagen are the losers.
Topics:top-newsbusiness#american-brands#biden-administration#business#electric-vehicles#tax-credit#tesla
- Which electric vehicles (EVs) qualify for a tax credit? Axios
- U.S. Treasury announces revised qualifications for EV tax credits CNBC Television
- Here are the EV models eligible for new tax credits up to $7,500 CNN
- Tax Strategy: Proposed regs for the Clean Vehicle Credit Accounting Today
- Letters to the Editor: Cheap electric cars exist. Stop citing only 'average' EV prices Los Angeles Times
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