Treasury Expands Tax Credits to More Electric SUVs
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.
SUVs Emerge as Hot Point in EV Tax Credit Debate
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.January 27, 2023
Manchin Bill Would Delay Tax Credits for Electric Vehicles
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.
Proposed Update to Renewable Fuel Standard Could Benefit EV Makers
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.
EV Tax Credit Rulings Please Some Automakers, Exclude Others
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.
Treasury Signals Opening for Foreign Carmakers on EV Subsidy
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.
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.August 11, 2022
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.
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.June 13, 2022
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.