US Delays EV Tax Credit Sourcing Requirements Until March | Carscoops carscoops ⚠️
and Bolt EUV could become an absolute steal as they currently start at $25,600 and $27,200 before destination. If they become eligible for the full $7,500 credit, they’d drop to $18,100 and $19,700 respectively.
While the sourcing requirements have been delayed, the Department of Treasury said they will “release information on the anticipated direction of the critical mineral and battery component requirements” before the end of the year. This will give automakers extra time to “prepare to be able to identify vehicles eligible for the tax credit when the new requirements go into effect.”
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.
Treasury department delays electric vehicle tax credit changesThe Treasury Department has pushed the issuance of guidance for new electric vehicle tax credit rules from January to March as it continues to develop them.
Read more »
Treasury Department delays electric vehicle tax credit guidance until MarchThe sourcing of materials and batteries for EVs is a major part of the federal tax credits of up to $7,500 for consumers under the Inflation Reduction Act.
Read more »
Tesla, GM — and their buyers — stand to benefit from EV tax credit rule delay - AutoblogThe Treasury Department will delay guidance on the sourcing of EV batteries, part of the new $7,500 EV tax credit. That's good news for Tesla and GM.
Read more »
Decision on a long-shot push for revised child tax credit expected soonLawmakers are working on a possible vote on the federal budget by the end of the week. They could hold negotiations over the expanded child tax credit — and possibly bring it back.
Read more »
U.S. to release EV tax credit battery minerals, component rule in MarchThe U.S. Treasury Department said Monday it will issue proposed guidance for critical minerals and battery components requirements in March - a key component of the $7,500 electric vehicle tax credit overhauled by Congress.
Read more »
McConnell Hails 'Strong Outcome' for GOP as Omnibus Excludes Poverty-Cutting Child Tax Credit\u0022Our child poverty epidemic is a choice made by the so-called pro-life party,\u0022 said Democratic Rep. Barbara Lee.
Read more »