New Rules Will Make Many Electric Cars Ineligible for Tax Credits
Posted on
New Rules Will Make Many Electric Cars Ineligible for Tax Credits
On March 31, the Biden administration released new rules that will significantly shorten the list of electric vehicles that qualify for federal tax credits. Officials hope the change will push carmakers to move their supply chains out of China and to the United States or its allies. For purchases of their electric cars to qualify for up to $7,500 in tax credits, automakers must meet strict requirements for where they assemble the cars and batteries and where they get the materials that go into batteries.
To read more go here Subscription Required
Member Companies
