EV Adoption

NOVEMBER 26, 2021

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.

Tax Credit 116

Tax Credit Tax F-150 PHEV 116

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. After electric vehicle manufacturers reach 200,000 unit sales, they no longer qualify for the EV tax credit.

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. The EV tax credit was set to be introduced with new terms. The post Sen.

Tax Credit 86

Tax Credit Tax West Virginia Hydrogen 86

Teslarati

AUGUST 11, 2021

The United States Electric Vehicle Tax Credit is one of the most notable advantages of purchasing a battery-electric car. Earlier this year, a $12,500 EV tax credit was discussed. The sub-$40,000 requirement for the EV tax credit would eliminate many vehicles from the running, including all but one of Tesla’s cars.

Tax Credit 98

Tax Credit Tax West Virginia United States 98

Teslarati

DECEMBER 9, 2021

The Biden administration’s proposed $4,500 EV tax credit buff for electric and electrified vehicles made in a union plant in the United States is meeting a big challenge. The $4,500 tax credit , which would be given to vehicles produced in the United States using union labor, stands to favor the Detroit Big Three heavily.

Tax Credit 114

Tax Credit Tax West Virginia United States 114