70% of EVs wouldn't qualify for tax credit under Senate bill, say automakers

United States News News

70% of EVs wouldn't qualify for tax credit under Senate bill, say automakers
United States Latest News,United States Headlines
  • 📰 therealautoblog
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Automakers have been expressing concern about the proposal's increasing requirements for vehicles' batteries and critical-mineral contents to be sourced from the US.

An analysis by the Congressional Budget Office on Wednesday suggested just 11,000 new EVs would use the credit in 2023.

"I don't believe that we should be building a transportation mode on the backs of foreign supply chains," Manchin said on Tuesday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

therealautoblog /  🏆 528. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Automakers say 70% of EV models don't qualify for tax credit under Senate billAutomakers say 70% of EV models don't qualify for tax credit under Senate billA majority of electric vehicles may not be eligible for tax credits under a Senate proposal due to parts requirements, a group of major automakers said.
Read more »

19-year-old Berea man sentenced to over 70 years in prison19-year-old Berea man sentenced to over 70 years in prisonWithin a five day span, prosecutors said Hayes stole a car, shot a man and then crashed into a car killing 85-year-old Sally Schultz.
Read more »

Mailman celebrates 70 years of service to USPSMailman celebrates 70 years of service to USPSJohnnie Bell began delivering mail when the price of a stamp was 3 cents at the age of 23. He continues to serve Oklahoma City.
Read more »

2022 Ford F-150 Lightning Pro: InsideEVs 70 MPH Range Test2022 Ford F-150 Lightning Pro: InsideEVs 70 MPH Range TestWe fully charge a Ford F-150 Lightning Pro with the standard range battery and drive it from 100% to 0% at 70 mph for the InsideEVs 70 mph highway range test.
Read more »

Towing a Tesla at 70 MPH Recharges the Battery FasterTowing a Tesla at 70 MPH Recharges the Battery FasterElectric vehicles need extensive charging infrastructure to become popular, however, a simple tow might take a stranded EV to the nearest supercharger and even beyond.
Read more »



Render Time: 2025-02-22 23:46:47