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

Consumer Leases Will Now Qualify for EV Tax Credits

On Thursday, the U.S. Treasury Department announced that starting in January, electric vehicles that are leased by consumers can qualify for the full $7,500 commercial clean vehicle tax credit. Perhaps most interestingly, as Reuters reports, the announcement includes EVs that were built outside of North America.Read more...

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

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

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.

Manchin slams Treasury Department for delay on electric vehicle tax credits

Democratic West Virginia Sen. Joe Manchin on Thursday slammed the Treasury Department over its decision to delay its rules on tax credits for electric vehicles.

Treasury department delays new restrictions for electric vehicle tax credits

Restrictions on which electric vehicles can be eligible for tax credits under the Inflation Reduction Act will be delayed, the Treasury Department and IRS announced Thursday.

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.