Washington and Tokyo are preparing to make Japanese vehicles eligible for tax credits in a U.S. initiative for electrified vehicles that use critical minerals from the United States or countries that it has free trade agreements with, sources familiar with the talks said on March 21.
IRS Guidance on changes to Plug In Electric Drive Vehicle Credit under Section 30D of Internal Revenue Code, amended under Inflation Reduction Act. Good news for manufacturers and consumers, IRA amendment to EV Credit is the cap of 7,500.00 per vehicle has been eliminated.
but this hummer also does not appear to qualified for the new ev tax credit, which caps out at 80,000 for trucks and s.u.v.s. we have asked the white house for any comment or potentially if he s in a different vehicle. it looks like the tweet like he s in that hummer truck. i was there that day that he test drove it. if my memory serves me right, it s the one that doesn t qualify, neil. neil: it s not cheap. few of these vehicles are, to your point, jacqui. thank you very much. try to make them tantalizing but they re not cheap. jacqui, thank you for that as always. meanwhile, i want to focus on what is happening on the republican side as they gear up and start thinking about 2024. it s amazing more than a few do. could have been a comment from nikki haley that might have put this race in a different perspective. mike emanuel has more. nikki haley arguing it s time to turn the page writing it s
Sen. Joe Manchin (D-WV) will introduce legislation Wednesday designed to withhold tax credits from purchasers of electric vehicles if the models don t comply with new manufacturing requirements passed in the green energy spending bill Democrats passed in August.