The Biden administration is giving automakers some leeway on certain strict rules regarding qualification for a $7,500 government tax credit. The final guidelines, which have been released ...
Critics of President Joe Biden’s implementation of Inflation Reduction Act incentives have been eager for a vote in Congress. Ohio Democratic Sen. Sherrod Brown plans to back a Congressional ...
Relaxed sourcing requirements on graphite and other minerals for electric vehicle batteries give automakers more time to build up domestic supply chains, but they also highlight national security ...
A week after gifting Chinese electric vehicle component manufacturers billions in tax credits, President Joe Biden sought to undo that political damage by slapping tariffs on fully made Chinese ...
Electric vehicles (EVs) may be the most subsidized product in America. Federal taxpayers shell out $7,500 every time a new eligible electric vehicle is purchased (usually by wealthy buyers). State and ...
Since 2023, qualified used electric vehicles have been eligible for a federal tax credit for up to 30% of the sale price or $4,000, whichever is lower. Granted, this is significantly less than the ...