Looking to save up to $7,500 at tax time and get a new ride too? Check out our list of the top electric cars, trucks and SUVs that are available with the newly revamped federal EV tax credit.
The oil and gas industry, which also donated to the Trump campaign, also supports killing the EV tax credit as well as Trump's plan to roll back other Biden administration clean energy initiatives such as wind and solar power subsidies. ...
The oil and gas industry, which also donated to the Trump campaign, also supports killing the EV tax credit as well as Trump's plan to roll back other Biden administration clean energy initiatives such as wind and solar power subsidies. ...
Under the new rules, electric vehicles must be assembled in North America to qualify for the EV tax credit, and more of the battery component materials need to come from approved sources. Also, the price limit is dependent on the vehicle type. Vans,SUVs, and pickup trucks qualify if they...
short. A function of the Inflation Reduction Act which was passed into law last August, the new tax credit policy proved to be good news for General Motors and Tesla, as both companies had sold more than the 200,000 vehicles allowed under the provisions of the previous EV-incentive program...
DETROIT (AP) — 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 credi...
White House officials say government EV purchases can only increase exponentially after a near-zero baseline a few years ago under President Donald Trump, who sought to loosen fuel economy requirements for gas-powered vehicles and proposed doing away with a federal tax credit for ...
So, the money is on vehicles like the moderately priced Bolt EV, Bolt EUV and Tesla Model 3 Standard Range Plus to regain their federal tax credit. Whether the entire GM and Tesla lines of electric cars get the tax credit will depend on how much push back there will be to extending the...
Under the $740 billion economic package, which passed the Senate over the weekend and is nearing approval in the House, the tax credits would take effect next year. For an EV buyer to qualify for the full credit, 40% of the metals used in a vehicle's battery must come from North Ameri...
White House officials say government EV purchases can only increase exponentially after a near-zero baseline a few years ago under President Donald Trump, who sought to loosen fuel economy requirements for gas-powered vehicles and proposed doing away with a federal tax credit for electric cars. ...