Democratic Proposal Could Make 70% Of Electric Vehicles Ineligible For Tax Credit

U.S. Automakers expressed concern Friday that under a recent Democratic proposal, most EV models available for purchase in the United States would be ineligible for a $7500 tax credit.   

“As currently written, the material, component and assembly requirements in the Clean Vehicle Credit will immediately reduce (by a lot) the number of qualifying electric vehicles available to consumers for purchase with the tax credit,” John Bozzella, head of the Alliance for Automotive Innovation, wrote Friday.  

According to Bozzella, 70% of the 72 EVs available for purchase in the United States would “immediately become ineligible when the bill passes and none would qualify for the full credit when additional sourcing requirements go into effect.”

The Senate Climate Package tax credit, proposed by Democratic Senators Chuck Schumer and Joe Manchin, would raise the requirements for the percentage of battery components originating from North America, and after 2023, it would prohibit batteries made with any Chinese components, Reuters reported. 
Tesla by N/A is licensed under commons.wikimedia N/A

Follow us

Read our latest news on any of these social networks!

Get latest news delivered daily!

We will send you breaking news right to your inbox

Have a tip? Let us know!

Recent Articles

New Trump-backed super PAC formed ahead of midterms

A new Donald Trump-backed super PAC was formed on Friday, as the former president seeks to exert more influence in November’s midterm contests ahead of a possible 2024 bid for the White House.

New York City to Pack Foreign Migrants into Tent Towns

New York is building expensive tent towns to hold thousands of the penniless migrants being delivered by President Joe Biden’s pro-migration deputies.

Watchdog: Department of Labor Paid out $45 Billion+ in Fraudulent Coronavirus Aid Claims

Fraudsters may have gotten away with tens of billions of dollars from the U.S. Department of Labor by filing claims in multiple states and using the social security numbers of dead people as aid was distributed during the coronavirus pandemic, a federal watchdog claimed Thursday.

HUGE: GOP Lawmaker Obtains New Documents that Show Joe and Hunter Biden Working to Sell US Natural Gas and Drilling Assets to China – HAS WHISTLEBLOWERS WHO WILL TESTIFY

Rep. James Comer (R-KY) went on with John Solomon from Just the News on RAV on Thursday. Rep. Comer recently obtained new documents that show Hunter and Joe Biden were working to sell American natural gas and drilling assets to Communist China.