Hyundai Taking Advantage Of EV Tax Credit Loophole via insideevs.com
Hyundai Motor Co. is doing everything it can to take advantage of a loophole in the Biden Administration's new US federal EV tax credit. The rule is allowing Hyundai to ensure, at least temporarily, that its EVs remain competitive in the US by being eligible for the full $7,500 credit.has a number of strict rules that make most EVs ineligible, though many of those official rules haven't gone into place yet.
ineligible since its electric cars are all built in South Korea, the automaker can take the credit and apply it to the lease deal and pass the saving on to its customers.
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.
NYPD commish admits 'people taking advantage' of bail reform, laments city's 'perception of feeling unsafe'NYPD Commissioner Keechant Sewell stressed that although homicides and shooting are 'down by the double digits' in New York City, the 'perception of feeling unsafe' remains.
Read more »
Are you about to file your taxes? Take the MarketWatch Tax Quiz to see if you are preparedWhy is Tax Day not on April 15 this year? Does filing an extension give you more time to pay any owed taxes? Take our quiz to see how much you keep up with the tax code.
Read more »
LIST: These emergency preparedness supplies are tax-free in Texas April 22-24Here are the emergency preparation supplies that qualify for tax exemption during the tax holiday
Read more »
Don’t get the schmear and save on NY’s crazy ‘sandwich tax’In time for April 18’s Tax Day, H&H Bagels is serving a Tax-Free Bagel that circumvents the 8.875% sales tax for a bagel that’s sliced and schmeared.
Read more »
Sinema touts massive war chest advantage but lags behind foe in first quarter haul.SenatorSinema has a huge cash advantage over her leading Democrat foe should she vie for reelection. Despite trailing RepRubenGallego $2.1 million to $3.7 million during Q1, Sinema touts almost $10 million on hand, surpassing Gallego's $2.7 million.
Read more »
Schiff reports major cash advantage over Porter and Lee in Senate raceWhile Schiff and Porter each raised millions of dollars in the race for Dianne Feinstein's Senate seat, Schiff has tens of millions more cash in the bank.
Read more »