The new incentive bill to be passed this weekend will make 70% of 72 U.S. electric, plug-in hybrid and fuel-cell EVs ineligible upon passage.
Also none would qualify for the full credit when additional sourcing requirements go into effect.
The bill includes rising requirements for the percentage of battery components originating from North America based on value. After 2023, it would disallow batteries with any Chinese components.
Most electric-vehicle models would be ineligible for a $7,500 tax credit for U.S. buyers under a Democratic proposal in the U.S. Senate, a group of major automakers said on Friday. Automakers have been privately expressing concern about the proposal's increasing requirements for vehicles'...
au.lifestyle.yahoo.com