The surprise deal by Senate Democrats on a pared-down climate, health care and inflation bill would give buyers an EV tax credit starting next year, among other incentives.
For the first half of this year, electric vehicles accounted for about 5% of U.S. new vehicle sales, with 46 models on sale. S&P Global Mobility expects that to hit 8% next year, 15% by 2025, and 37% by 2030.
FILE - The charging port for a 2024 Chevrolet Silverado EV RST all-electric pickup truck during the 2022 New York International Auto Show in New York, on April 13, 2022. Photographer: Jeenah Moon/Bloomberg via Getty Images "It seems like that is something that should potentially be revisited for it to make more sense given today’s market," she said.To get the credit, buyers of new EVs can’t have modified adjusted gross incomes of more than $300,000 per year if filing joint tax returns, $225,000 for a head of household, and $150,000 for all taxpayers not in the first two categories.
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