Treasury delays new restrictions for electric vehicle tax credits, drawing Manchin’s ire

Summary by Ground News

The Treasury Department and IRS announced on Thursday that they are delaying restrictions on which electric vehicles can be eligible for tax credits under Democrats’ climate and tax bill from earlier this year, drawing ire from Sen. Joe Manchin (D-W.Va.).

Published 5 months ago · Washington, United States

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Reuters

U.S. Treasury says consumer leases can qualify for EV tax credits

The U.S. Treasury Department said on Thursday that electric vehicles leased by consumers can qualify starting Jan. 1 for up to $7,500 in commercial clean vehicle tax credits, a decision that makes those assembled outside North America eligible.

5 months ago·United Kingdom

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Washington Times

Manchin hammers Biden over electric vehicle tax credits

Sen. Joe Manchin III blasted the Biden administration Thursday for flouting the law by allowing loopholes for electric vehicle tax credits.

5 months ago·Washington, United States

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The Hill

Treasury delays new restrictions for electric vehicle tax credits, drawing Manchin’s ire

5 months ago·Washington, United States

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Washington Examiner

Manchin calls for Treasury to pause electric vehicle tax credits in his bill

Sen. Joe Manchin (D-WV) is slamming the Treasury Department over what he is calling a “dangerous” interpretation of his and the Democrats' climate and tax bill that passed earlier this year, urging the department to pause implementation of both commercial and new consumer electric vehicle tax credits.

5 months ago·Washington, United States

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Financial Post

Treasury Delays Final Rules on Manchin EV Tax Credit to March

(Bloomberg) — The US Treasury Department sketched out its interpretation of content requirements for electric-vehicle tax credits in President Joe Biden’s signature climate bill, while delaying final rules until March of next year.

5 months ago·Canada

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OAN

U.S. Treasury says consumer leases can qualify for EV tax credits

By David Shepardson (Reuters) - The U.S. Treasury Department said Thursday that electric vehicles leased by consumers starting Jan. 1 can qualify for up to $7,500 in commercial clean vehicle tax credits, a decision that

5 months ago·San Diego, United States

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