New electric vehicle credit rules set, over Manchin's objections

Many electric vehicles to lose big tax credit with new rules

The rules take place in April, right after this year's tax season ends.

Many electric vehicles to lose big tax credit with new rules

Fewer new electric vehicles will qualify for a full $7,500 federal tax credit later this year, and many will get only half that, under rules proposed Friday by the U.S. Treasury Department.

Many electric vehicles to lose big tax credit with new rules

The rules take place in April, right after this year's tax season ends.

Many electric vehicles to lose big tax credit with new rules

The rules take place in April, right after this year's tax season ends.

Many electric vehicles to lose big tax credit with new rules

The rules take place in April, right after this year's tax season ends.

Many electric vehicles to lose big tax credit with new rules

The rules take place in April, right after this year's tax season ends.