article thumbnail

New bipartisan bill in US Congress to expand EV and hydrogen fuel cell tax credits

Green Car Congress

US Senators Debbie Stabenow (D-MI), Lamar Alexander (R-TN), Gary Peters (D-MI), and Susan Collins (R-ME) along with Congressman Dan Kildee (MI-05) introduced the Driving America Forward Act, bipartisan legislation to expand the electric vehicle and hydrogen fuel cell tax credits. ITC Holdings Corp., ITC Holdings Corp.,

article thumbnail

‘Discriminatory’ EV tax credit could bring Mexico-imposed tariffs

Teslarati

The $12,500 electric vehicle tax credit proposed in President Joe Biden’s “Build Back Better” plan is being labeled as “discriminatory” by Mexican Economy Minister Tatiana Clouthier, who said the country is analyzing legal recourse and other actions, including potential tariffs against the United States.

article thumbnail

The redesigned federal EV tax credit and other EV-related measures

Charged EVs

The provision that’s gotten the most press is a redesign of the federal EV tax credit—that’s only natural, because it’s the policy that’s most likely to directly affect the average consumer, and because politicians love to talk about tax breaks. Credit where credit is due.

article thumbnail

3 Major US Electric Vehicle Initiatives — Which Is Most Important?

CleanTechnica EVs

Three of these are specifically targeted at the auto industry: a reboot of the federal tax credits for EV purchases; a major investment in EV charging infrastructure; and a new set of fuel economy […].

article thumbnail

Auto Lobby Says EPA Targets Aren’t Achievable

The Truth About Cars

But we know that the auto lobby typically signals the business sector’s true desires and it seems concerned about the status quo. Bozzella likewise requested that the EPA align its proposal with the California Air Resources Board and NHTSA's forthcoming fuel economy standards.

EPA 118
article thumbnail

Tariffs On Chinese EVs Now Exceed 100 Percent

The Truth About Cars

The changes in the federal EV tax credit rules enacted at the beginning of 2024 also incentivize non-Chinese materials and domestic production. auto market in the short term, but they won’t do anything to make EVs from existing brands any more affordable or desirable. Tariffs on electric vehicles are now 102.5

Chinese 85
article thumbnail

Republicans introduce bill that would hand US EV lead to China

Baua Electric

Republicans have introduced a bill to eliminate the US EV tax credit in the Inflation Reduction Act, with the effect of slowing US progress on EV manufacturing, thus handing the lead in EV manufacturing to China. These credits were an extension and expansion of the $7,500 EV tax credit first introduced in 2008.

China 52