GM Is Trying To Convince The US Treasury That The Lyriq Is An SUV via insideevs.com
, for example, is an SUV if you choose to spec it with seven seats however it's considered a car if you leave it with five.
This is happening because the Treasury is using a very basic method for determining what they consider to be an SUV and what they consider to be a car. Simply, anything that weighs over 6,000 lbs is put in the $80,000 threshold. Hence only some versions of crossovers on the verge of that weight are getting in. For the Model Y, optioning an extra two seats add around 280 lbs which is enough to get it over the line. Meanwhile, speccing AWD on an ID.
to be classified as an SUV. Undoubtedly, it's much closer to an SUV in terms of dimensions than a sedan.
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.
GM wants U.S. Treasury to reconsider tax credits for Cadillac Lyriq EVThe Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to $7,500 in federal tax credits.
Read more »
GM Disagrees With Treasury & IRS On What Is An SUVThe question of the hour is, when is an SUV not an SUV? If you are Cadillac, the answer can make a significant difference to customers.
Read more »
BYD's Latest SUV Can Moonwalk Across a StageThe Yangwang U8 has more than 1000 horsepower, four independent motors, and, apparently, the ability to slide sideways with four stationary wheels.
Read more »
Driver hurt when machine falls off trailer, lands on SUV roof: policeEmergency responders in New Jersey spent more than hour working to remove the woman from her vehicle.
Read more »
2024 Renault Captur: Here's What We Know About The Updated Small SUV | CarscoopsThe smallest SUV in Renault's European range is up for a mid-lifecycle update, alongside a longer variant
Read more »
Next-Gen Maserati Levante Will Reportedly Be Fully Electric 745 HP Super SUVFamed Italian automaker Maserati will reportedly launch a fully electric version of its Levante SUV in 2025.
Read more »