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tax credits
Government, Business, Technology

Treasury Expands Tax Credits to More Electric SUVs

A 2022 Ford Mustang Mach-E electric SUV

WASHINGTON — The Treasury Department said Feb. 3 it is making more electric vehicles eligible for tax credits of up to $7,500 under new vehicle classification definitions.

Matthew Daly | Associated Press
February 3, 2023
Government, Business, Technology, Equipment

SUVs Emerge as Hot Point in EV Tax Credit Debate

General Motors Co.'s Cadillac Lyriq concept EV

General Motors Co. has taken a central role in pushing the Treasury Department to change how the government defines a sport utility vehicle and expand how many buyers can get electric vehicle tax credits.

Bloomberg News
January 27, 2023
Government, Business, Technology

Manchin Bill Would Delay Tax Credits for Electric Vehicles

Sen. Joe Manchin (D-W.Va.)

WASHINGTON — Ratcheting up his criticism of the Biden administration, Sen. Joe Manchin (D-W.Va.) on Jan. 25 moved to delay new tax credits for electric vehicles.

Matthew Daly | Associated Press
January 25, 2023
Government, Business, Fuel

Proposed Update to Renewable Fuel Standard Could Benefit EV Makers

Electrify America EV charging stations

The good news for EV automakers and charging network operators is that changes to an 18-year-old U.S. program that has driven adoption of ethanol and biodiesel is getting a makeover for the electric vehicle age.

Ryan Fisher | Bloomberg News
January 24, 2023
Government, Business, Technology, Equipment

EV Tax Credit Rulings Please Some Automakers, Exclude Others

A Hyundai Motor Co. Ioniq 6 electric vehicle

The U.S. government has angered Tesla Inc.’s Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. with guidance on which electric vehicles will qualify for tax credits in the coming months.

Sean O'Kane | Bloomberg News
January 5, 2023
Government, Business, Technology

Treasury Signals Opening for Foreign Carmakers on EV Subsidy

An electric car stencil symbol

The U.S. Treasury Department signaled some imported cars will qualify for electric vehicle tax credits in the Inflation Reduction Act, a move that could assuage Asian and European allies’ concerns about the sweeping climate legislation.

Gabrielle Coppola and Christopher Condon | Bloomberg News
December 29, 2022

US EV Tax Credit Could Violate WTO Rules

BRUSSELS — The European Union expressed concern Aug. 11 that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules.

Associated Press
August 11, 2022
Government, Business, Fuel

Most EVs Won’t Qualify for Federal Tax Credit

DETROIT — A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large.

Tom Krisher | Associated Press
August 9, 2022
Government, Business, Fuel

Automakers Seek Lifting of EV Tax Credit Cap

NEW YORK — Major automakers are asking Congress to lift the cap on how many people would be offered tax credits if they buy a hybrid or fully electric vehicles.

Associated Press
June 13, 2022
Government, Business, Fuel, TCA

Bill to Boost EV Tax Credits to $12,500 Passes Senate Panel

WASHINGTON — Legislation that would raise consumer tax credits for electric vehicles to $12,500 for the next five years passed a Senate committee May 26.

Riley Beggin | The Detroit News
May 28, 2021

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