The surprise deal by Senate Democrats on a pared-down bill to support families, boost infrastructure and fight climate change is likely to jump-start sales of electric vehicles.
by Senate Majority Leader Chuck Schumer and holdout Sen. Joe Manchin of West Virginia would give EV buyers a $7,500 tax credit starting next year, through the end of 2032. There’s also a new $4,000 credit for those buying used EVs, a move to help the middle class go electric.To be eligible, the electric vehicle has to be assembled in North America, and there are limits on annual income for buyers.
“The tax credits for electric vehicles in the bill will benefit consumers and cut costs for low- and middle-income families,” the Sierra Club said of the measure, which still must be approved by both chambers. “We're hoping for swift adoption."accounted for about 5% of U.S. new vehicle sales, with 46 models on sale. S&P Global Mobility expects that to hit 8% next year, 15% by 2025, and 37% by 2030.
Also, there aren’t many used EVs priced under $25,000 yet, and those that are mainly are older, with lower ranges per charge, Caldwell said, noting that a 5-year-old Chevrolet Bolt small electric car — one of the lowest-priced EVs on the road — is likely to cost more than $25,000. For used EVs, income limits are $150,000 if filing a joint return, $112,500 for a head of household, and $75,000 for others not in the first two categories.General Motors, Tesla and Toyota all have exceeded the capAlso, more than half the value of battery components have to be manufactured or assembled in North America to get the full credit. And at least 40% of the minerals used in batteries must come from either the U.S. or a country with which it has a free trade agreement.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Democrats Are Now Favored to Win the Senate Due to 'Weak' Republican Choices, FiveThirtyEight SaysFor the first time this election cycle, FiveThirtyEight says that Democrats have a better shot of retaining control of the Senate than Republicans have of winning, due in part due to Republicans selecting “weak candidates” in some key races .
Weiterlesen »
Georgia Senate showdown: Herschel Walker says he ‘can take the hits’ from Raphael Warnock and DemocratsGeorgia GOP Senate nominee Herschel Walker returns fire in a new TV ad after taking hits from Democratic Sen. Raphael Warnock and allied groups
Weiterlesen »
Democrats navigate bloodless Senate primary season: The Note
Weiterlesen »
How the Senate Democrats' surprise spending plan could impact your taxesThe Inflation Reduction Act wouldn't impose new taxes on families earning less than $400,000, its supporters say.
Weiterlesen »