Teslarati

APRIL 7, 2022

Toyota will soon join Tesla and General Motors as automakers that no longer qualify for the $7,500 electric vehicle tax credit. This means anyone buying a Toyota EV after the company reaches 200,000 electric units sold will not receive the credit. The Chevrolet Bolt EV contributed to GM’s EV sales for many years.

Tax Credit 98

Tax Credit Tax Toyota GM 98

Teslarati

APRIL 29, 2022

West Virginia Democrat Joe Manchin blasted a potential expansion of the electric vehicle (EV) tax credit on Thursday, while also calling for the development of the hydrogen sector to decarbonize the transportation industry. Tesla will produce at least 1 million vehicles globally this year after coming just short of the mark in 2021.

Tax Credit 91

Tax Credit Tax West Virginia Hydrogen 91

EV Adoption

NOVEMBER 26, 2021

Passage by the Senate is far from a certainty and will require all 50 yes votes including from conservative-leaning Democrat Senator Joe Manchin of West Virginia to the Independent Senator Bernie Sanders of Vermont. To date, two manufacturers — Tesla and General Motors — saw the tax credit phaseout completely.

Tax Credit 116

Tax Credit Tax F-150 PHEV 116

Teslarati

AUGUST 11, 2021

The $7,500 check sent to buyers by the Federal Government incentivizes the purchase of sustainable passenger vehicles, so long as the company you are buying from has not sold 200,000 electrified units, which disqualifies Tesla and General Motors from the program. Senator Deb Fischer (@SenatorFischer) August 11, 2021.

Tax Credit 98

Tax Credit Tax West Virginia United States 98