Automakers, congressional aides do not expect budget deal will hike $7,500 EV tax credit
) have been pushing for more than a year for extension of the credit, which phases out once an automaker hits 200,000 vehicles sold, and many lawmakers had been pushing to include the extension. The tax credit is aimed at defraying the cost of electric vehicles that are more expensive than similarly sized internal combustion engine vehicles.
Tesla’s credit fell to $1,875 in July and will be zero after Dec. 31. GM’s credit fell to $1,875 on Oct. 1 will be zero after March 31. In response to two Boeing crashes that killed 346 people and led to the grounding of the 737 MAX fleet, Congress will increase funding for aviation safety by $67 million, which is “targeted for hiring specialized staff with expertise in human factors; and increases training and credentialing requirements for safety inspectors.”
The Federal Aviation Administration’s certification of the MAX and its long-standing practice of delegating some tasks to Boeing has come under harsh criticism from lawmakers.
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