Green Car Congress
AUGUST 8, 2022
The US Senate has passed the Inflation Reduction Act, with nearly $400 billion in funding over 10 years for climate- and energy-related programs; among the myriad provisions in the 755-page bill are changes to the electric vehicle Federal tax credit of $7,500. In the US, the Fisker Ocean starts at $37,499 in the base Sport.
Teslarati
OCTOBER 28, 2021
However, EV enthusiasts are interested in the potential reintroduction of the EV tax credit, which is set to increase to a possible payout of $12,500 per electric car from the previous $7,500. The EV tax credit has been speculated upon since early 2021 as the terms of the incentive were still in the early stages of being determined.
Teslarati
DECEMBER 3, 2023
The White House issued new guidance on federal electric vehicle (EV) tax credits this week, including a key exemption that’s considered a win for many automakers, as it offers extra time for companies attempting to set up battery production operations in the U.S. to switch to domestic minerals.
Baua Electric
MAY 2, 2024
Treasury Department could issue clarifications on federal EV tax-credit eligibility rules as early as Friday, reports Transport Topics. does not have friendly trade relations with would not qualify for a $7,500 federal tax credit. But these could still limit the number of vehicles that qualify for the federal tax credit.
Green Car Reports
NOVEMBER 5, 2021
Will Mini build a rival to the Volkswagen electric Bus? We follow another round of twists and turns toward a renewed EV tax credit. And Panasonic is pushing toward mass-production of Tesla’s 4680 format. Panasonic is sounding increasingly on-board with mass production of the larger-format 4680 cells.
Baua Electric
MARCH 28, 2024
However, Kia will accelerate EV9 momentum with plans to begin US production by May. Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Kia to kick off US EV9 production in May After launching the EV9 in the US late last year, Kia has handed over 3,839 models in the US.
EV Adoption
NOVEMBER 26, 2021
On Friday November 20 the House of Representatives passed the Build Back Better Act (BBBA) which means the bill is now off to the Senate where we can expect the possibility of many changes to the current proposed legislation. According to CNBC , Senate Majority Leader Chuck Schumer wants to pass the Build Back Better Act by Christmas.
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