Turn to 10 on Nostr: More tax credits could be coming to drivers with electric vehicles ========== The ...
More tax credits could be coming to drivers with electric vehicles
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The U.S. government is considering new rule changes that could allow more electric vehicle owners to get a tax credit. Currently, tax credits are available when you buy an EV from an authorized dealer, but the new changes would make the credits available at the time of purchase. The tax refund could be up to $7,500 for a new vehicle and a lesser amount for pre-used vehicles. However, there are certain qualifications such as income and price, and the EV must be built in North America with 60% of its battery materials. The changes are expected to incentivize more people to consider purchasing EVs. The government announced the changes on Friday, giving automakers more time to adjust. Some automakers have been cutting back on EV production due to low sales, but the rule changes are seen as an opportunity for manufacturers to refine their products and for the public to become more comfortable with EV technology.
#ElectricVehicles #TaxCredits #Government #Automakers
https://thenationaldesk.com/news/americas-news-now/drivers-evs-gas-money-roads-charging-tax-credit-electric-vehicles-biden-administration-gas-hybrid-economy-environment-savings-battery-cost
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The U.S. government is considering new rule changes that could allow more electric vehicle owners to get a tax credit. Currently, tax credits are available when you buy an EV from an authorized dealer, but the new changes would make the credits available at the time of purchase. The tax refund could be up to $7,500 for a new vehicle and a lesser amount for pre-used vehicles. However, there are certain qualifications such as income and price, and the EV must be built in North America with 60% of its battery materials. The changes are expected to incentivize more people to consider purchasing EVs. The government announced the changes on Friday, giving automakers more time to adjust. Some automakers have been cutting back on EV production due to low sales, but the rule changes are seen as an opportunity for manufacturers to refine their products and for the public to become more comfortable with EV technology.
#ElectricVehicles #TaxCredits #Government #Automakers
https://thenationaldesk.com/news/americas-news-now/drivers-evs-gas-money-roads-charging-tax-credit-electric-vehicles-biden-administration-gas-hybrid-economy-environment-savings-battery-cost