The Truth About Cars

MARCH 28, 2024

Among many other things, the Inflation Reduction Act changed the way EV tax credits work in the United States. Legal experts say this case might not be so airtight for China, noting that the U.S. While BYD, China’s largest EV maker, has said it would not come to the U.S., At the same time, the U.S. others might.

China 79

China Tax Credit Chinese North America 79

EV Adoption

AUGUST 23, 2021

One of the proposed changes to the federal EV tax credit that has flown a bit under the radar is also one of the most political and protectionist in nature. Effective January 1, 2022, electric vehicles with final assembly* (see definition at the end) in China would no longer qualify for IRC 30D (federal EV tax credit).

Tax Credit 52

Tax Credit Tax Chinese Volvo 52

EV Adoption

NOVEMBER 29, 2021

In my previous article, Proposed Changes to the Federal EV Tax Credit Passed by the House of Representatives , I outlined and analyzed 13 proposed changes to IRC 30D (federal EV tax credit). But all of these PHEVs have batteries of around 9 kWh and so they could easily be upgraded to 10 kWh to qualify for the tax credit.

Tax Credit 52

Tax Credit Tax Hummer PHEV 52