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Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives

EV Adoption

For electric vehicles, the BBBA includes multiple proposed changes to IRC 30D, more commonly knows as the federal EV tax credit. Perhaps the mostly likely is the requirement for EVs to be assembled in the US in a union factory to qualify for an additional $4,500 tax credit. Tax Credit Becomes Refundable. More on this below.

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Trump reportedly told oil execs he’ll end electric car incentives for $1 billion in donations

Baua Electric

The Trump administration attempted to eliminate the tax credit for electric vehicles in the original version of their 2020 budget, though the provision never passed. Now, the Washington Post reports that it had sources in a meeting between Trump and oil executives in Trump’s Mar-a-Lago Club last month.

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Tesla regains China momentum as clouds over EV sector disperse

Baua Electric

It introduced a money subsidy in June of 8,000 yuan ($1,100) to a few consumers of its Fashion 3 sedans who purchased designated insurance policy and took supply briefly. they value $40,240 and $47,740, respectively, earlier than reductions similar to a $7,500 tax credit score. Within the U.S.,

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The 2024 Chevy Blazer EV has a quirky $4k discount for Tesla drivers

Baua Electric

The $4,000 discount applies to both 2024 Chevy Blazer EV leases and purchases and according to CarsDirect, it can be stacked with other deals, such as the $7,500 tax credit and the $1,000 Costco member-only incentive. affiliate* FTC: We use income earning auto affiliate links. Atlanta and Santa Fe folks, I’m looking at you.)

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Congress finally agrees on electric bike bill – but not the one everyone wanted

Baua Electric

The last electric bike bill to hit the floor of the US House of Representatives was the EBIKE Act, which sought to create a federal tax incentive for e-bike purchases. But why let a little logic and proportion ruin a rare chance for bipartisanship in divided Washington? Just not in the way we all hoped.

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U.S. EV adoption is happening faster than anticipated

Teslarati

happening much faster than anticipated, according to an observation of research by Recurrent Auto which is focused on providing transparency and confidence in pre-owned EV transactions. And even if you were ready to purchase one, and if you could afford it … they’re still too high,” Hollis said. ” Credit: Recurrent Auto.

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White House warns that Chinese EVs could collect your data and send it back to China

Baua Electric

As of 2025, vehicles whose batteries contain certain “critical minerals” extracted or processed in China will also be ineligible for the tax credit. MG is planning to build a $2 billion factory, while BYD is ramping up investments worth hundreds of millions for its own factory – actions which have set off alarm bells in Washington.

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