New electric vehicle credit rules set, over Manchin's objections
Summary by Ground News
The Treasury Department laid out specifics on how automakers can certify whether their electric cars qualify for new subsidies of up to $7,500 enacted in last year's climate spending package.
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Associated Press News
Many electric vehicles to lose big tax credit with new rules
Treasury Secretary Janet Yellen says rules proposed by her department will help consumers save money on electric vehicles while strengthening U.S. energy and national security. But fewer new EVs will
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
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
By TOM KRISHER and FATIMA HUSSEIN
Associated Press WASHINGTON (AP) — 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. The rules, required under last year’s Inflation Reduction Act, are likely to slow consumer acceptance of electric vehicles and could delay President Joe Biden’s ambitious goal that half of n…
Many electric vehicles to lose big tax credit with new rules
By TOM KRISHER, FATIMA HUSSEIN and MATTHEW DALY
Associated Press WASHINGTON (AP) — 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. The rules, required under last year’s Inflation Reduction Act, are likely to slow consumer acceptance of electric vehicles and could delay President Joe Biden’s ambitious goal …
Manchin threatens to sue Biden administration if electric vehicle credit guidance ‘goes off the rails’
Sen. Joe Manchin (D-W.Va.) issued a warning to the Biden administration this week, threatening a lawsuit if an anticipated guidance from the Treasury Department seeks to circumvent restrictions that he added to a law on electric vehicle tax credits. Manchin told reporters this week that if the guidance, expected Friday, “goes off the rails” or…