E-bikes were left on the cutting room floor.
Senator Joe Manchin has had a change of heart about electric vehicles.
In an entirely new provision, the bill includes a $4,000 tax credit for the purchase of a used clean vehicle, a potential boon for middle and low-income car buyers who are less likely to be able to afford a brand new EV but are still hoping to switch to something less polluting. Other vehicles not eligible for tax credits include those with batteries that contain minerals that “were extracted, processed, or recycled by a foreign entity of concern,” which is defined as a state sponsoring terrorism or countries blocked by the Treasury Department’s Office of Foreign Asset Control.
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.
US Senate Deal To Expand EV Tax Credits, Income Caps, Price CapsWhile it seemed more and more clear that a new EV tax credit wasn't going to happen, Manchin is involved in this revamp, and it's quite promising.
Read more »
GM Believes It Will Be 'A Substantial Player' In Europe's EV MarketGM's plan for Europe is expected to be announced early next year, but the return will likely be spearheaded by the Cadillac Lyriq and GMC Hummer EV.
Read more »
Rivian lays off 6 percent of its workforce as it struggles with EV production | EngadgetAs expected, electric pickup manufacturer Rivian is laying off 6 percent of its 14,000-strong workforce in an effort to boost production..
Read more »
Mini Aceman Concept Previews Future EV CrossoverThe Mini Aceman concept previews a production model we'll see in just a couple of years, and it's all-electric.
Read more »
Rolls-Royce Spectre EV enters vital testing phase in France | AutocarThe Rolls-Royce Spectre EV has entered a vital testing phase in France, as the model is put through its paces in everyday conditions
Read more »
Panasonic Reports Robust EV Battery Demand In Q2 2022The Japanese company has also slightly updated its 4680-type battery cell commercialization roadmap, which was revealed earlier this year.
Read more »