The expansion is a win for auto industry lobbyists, which had pushed for clarity on the $7,500 purchase subsidy
models. But the law also adopted several new restrictions, based on vehicle price, taxpayer income and where the model was built.
To determine what vehicles are eligible, the Treasury Department initially said it would rely on corporate average fuel economy standards set by the Environmental Protection Agency, which defined some versions of crossovers like Tesla’s Model Y and Ford’s Mach-E as sedans. Now, classifications will be based on the vehicle label and what is published about models on FuelEconomy.com, the Treasury Department said.
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.
Historic $800 Million For More Than 500 Projects To Improve Lethal Roads & Tackle Traffic FatalitiesBiden-Harris Administration Announces Historic $800 Million for More than 500 Projects to Improve Roads at the Local Level and Tackle National Traffic Fatalities
Read more »
Nasdaq posts best daily gain since Nov., S&P 500 closes up 1.5%The Nasdaq posted its best day of gains since November on Thursday, as stock-market bulls cheered the Federal Reserve's decision a day before to raise...
Read more »
Unsolved for 500 Years: Researchers Crack Leonardo da Vinci’s ParadoxResearchers from the universities of Seville and Bristol have solved the mystery surrounding the unsteady path of an air bubble rising in water. Professors Miguel Ángel Herrada of the University of Seville and Jens G. Eggers of the University of Bristol have uncovered a mechanism that explains the
Read more »
Dow and S&P 500 updates: Stock market news todayThe US job market is expected to have remained strong in January, adding 185,000 jobs. That's about on par with America's average monthly job growth over the past decade, but it would represent a slowdown from the strong post-pandemic gains of the past couple years.
Read more »
S\u0026P 500 Forecast: Continues to Rally after Federal Reserve aThe S\u0026P 500 has taken off to the outside during the trading session on Thursday, as we are now threatening the 4200 level.
Read more »
S&P 500 forms bullish ‘golden cross’ pattern. Here’s what typically happens nextThere have now been 37 golden crosses on the S&P 500 since 1950.
Read more »