The U.S. government has finalized rules regarding the $7,500 clean vehicle tax credit. The changes are technical, but could result in more electric vehicles being eligible for tax credits. The U.S. Department of Treasury, the Internal Revenue Service, and the Department of Energy have revealed the final rules for the clean vehicle tax credit. It’s valued at up to $7,500 but the exact number depends on a variety of complicated factors. One of the big changes is a new test for calculating the...
The U.S. Treasury Department could issue clarifications on federal EV tax-credit eligibility rules as early as Friday, reports Transport Topics. Citing anonymous sources familiar with the matter, the report claims the federal government is ready to issue rules relating to its "foreign entities of concern" requirement. Specifically, vehicles with
In a coordinated push through federal agencies, the Biden administration on Friday released a revised set of regulations applying to the EV tax credit that will ultimately make the credit easier to claim for a wider range of vehicles in 2025 and 2026 but no easier for Chinese companies to gain a foothold on the market. The news came in updated
West Virginia Sen. Joe Manchin says new rules governing electric vehicle tax credits are a giveaway to China
The latest IHT figure is the third record annual haul in a row. We explain why the tax take is rising and what people can do.
The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs eligible for credits of up to $7,500. The Treasury Department announced final regulations for the credits under the 2022 Inflation Reduction Act on Friday, giving automakers more time to comply with some provisions about where battery minerals can come from.
Critics say the new rules amount to freebies for China.
A plug-in hybrid Gladiator will join the Jeep lineup next year. Cadillac gets cold feet about its 2030 end date for gasoline. And Biden agencies ease one area of the EV tax credit that could mean more qualifying EVs. This and more, here at Green Car Reports. The Biden administration provided updated EV tax credit rules for manufacturers and suppliers on
Despite robust levels of consumer demand, used EVs were the only fuel type not to record price growth in April, according to the latest data from Auto Trader.
PAID Network (PAID) traded down 7.1% against the US dollar during the 24 hour period ending at 19:00 PM Eastern on April 23rd. PAID Network has a total market capitalization of $45.90 million and $291,577.07 worth of PAID Network was traded on exchanges in the last day. One PAID Network token can currently be bought […]
Simon Harris said reducing taxes for low and middle-income earners is a priority ahead of the Budget.
GM kept the earnings momentum going with strong first quarter results, resulting in the automaker upping its full-year guidance. GM also still sees "positive variable profit" in its EV business in the back half of 2024 as well.