Published 1 year ago

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.).

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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.

1 year 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.

1 year ago·United States

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The Hill

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

1 year 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.

1 year 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.

1 year ago·Canada

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Bloomberg

Treasury Delays Final Rules on Manchin EV Tax Credit to March

The US Treasury Department signaled some imported cars will qualify for electric-vehicle tax credits in the Inflation Reduction Act, a move that could assuage Asian and European allies’ concerns about the sweeping climate legislation.

1 year ago·United States

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