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Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit

EV Adoption

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).

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Pike forecasts NEV market to remain small, although with double the growth rate of light-duty vehicles to 2017

Green Car Congress

The total number of neighborhood electric vehicles (NEVs)—low-speed street-legal electric vehicles—on the world’s roadways will grow from 479,000 in 2011 to 695,000 by 2017, a 45% increase, according to a new forecast by Pike Research. The US currently offers federal tax incentives of 10% of the purchase price up to $2,500.

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Berkeley study finds clean vehicle rebates have predominantly benefited wealthy, white Californians

Green Car Congress

They used ordinary least squares (OLS) and negative binomial regressions to identify the definitive effect that income played in obtaining rebates. Residents will not be eligible for rebates if their gross annual income exceeds $150,000 for single tax filers, $204,000 for head of household filers and $300,000 for joint filers.

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Solving the Electric Vehicle Charging Conundrum

Cars That Think

It might be in your neighborhood, but it's something that you will find along interstates or major travel routes. You referenced the infrastructure bills that are currently stalled in Congress. There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment.

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Solving the Electric Vehicle Charging Conundrum

Cars That Think

It might be in your neighborhood, but it's something that you will find along interstates or major travel routes. You referenced the infrastructure bills that are currently stalled in Congress. There are also, incidentally, income tax credits at the federal and state levels for installation of EV charging equipment.