Some EV models may exceed sticker-price limits in the complex law, and it remains to be seen whether automakers will be able to find minerals or manufacture batteries that can qualify for the credits.
A Treasury official told reporters on a call Tuesday that the plan puts the U.S. 2030 climate goals within reach and will help ensure Americans can afford to buy an electric car.
“We are working overtime to localize our supply chains and ramp up production,” Chris Smith, chief government affairs officer at Ford, said in a statement. With the price of gas soaring, it might be time to look into buying an electric vehicle. And the cost might be more affordable than you may think. LX News storyteller Eric Rodriguez talks to experts to find out how the purchase price, incentives, and charging costs break down.
Under the $740 billion economic package that Biden signed into law, the tax credits would take effect next year. For an EV buyer to qualify for the full credit, 40% of the metals used in a vehicle’s battery must come from North America. By 2027, that required threshold would reach 80%. The idea behind the requirement is to incentivize domestic manufacturing and mining, build a robust battery supply chain in North America and lessen the industry’s dependence on overseas supply chains that could be subject to disruptions.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Which EVs Qualify for New US Tax Credit? Websites Offer HelpAt least 31 new 2022 and 2023 models reportedly qualify for the tax credit.
Weiterlesen »
Police: Woman, 31, struck by speeding car in Lawncrest, left in the streetAuthorities in Philadelphia are searching for a hit-and-run driver who was captured on video striking a woman and returning to the scene shortly after the collision.
Weiterlesen »
After three-week break hiatus, bird flu detected in Walla Walla CountyThe state wide infected flock total is now up to 31.
Weiterlesen »
Peltola leads in Alaska’s US House race, followed by Palin and BegichMary Peltola is leading in the special House election, with Sarah Palin ahead of Nick Begich. But the result won't be known until Aug. 31, when the Division of Elections will determine who finished last and examine his or her ballots for second rankings.
Weiterlesen »
2 wounded in separate shootings in West AkronA 31-year-old man and an 18-year-old male were wounded in the shootings Monday in West Akron.
Weiterlesen »
Bed Bath & Beyond Stock Forecast: BBBY soars 40% on Ryan Cohen out-of-the-money callsBed Bath & Beyond (BBBY) stock is up 31% at $27.22 in Wednesday's premarket a day after it was disclosed that major investor Ryan Cohen had purchased
Weiterlesen »