The Cadillac Lyriq and Tesla Model Y are SUVs again.
The classification back-and-forth has angered automakers, including Tesla CEO Elon Musk, who called the decision to disqualify certain Model Y trims while allowing the credit for plug-in hybrid vehicles like the Jeep 4xe “messed up” and urged his supporters to complain directly to the IRS.The Alliance for Automotive Innovation, which represents GM and other manufacturers, had urged the Treasury Department to allow automakers to self-certify their vehicle based on how they were being marketed.
On Friday, John BoZzella, the alliance’s president, called the updated classification guidance “[a] good very good decision that clears up some EV tax credit confusion and instantly helps customers shopping today for an electric crossover or SUV.” “We have long advocated for the IRA’s tax credits to be as widely accessible as possible, and crossover SUVs are the fastest growing segment in the market today,” Albert Gore, executive director of Zero Emissions Transportation Association, said in a statement. “In short, this announcement is great news for American drivers!”, when the Treasury Department is expected to release its guidance on how to apply the IRA’s strict critical mineral and battery component requirements.
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