A new anti-inflation law has come into effect in the US, one of the aims of which is to reduce dependence on China, including in the auto industry. For electric cars, this new law has an impact in two ways:
- To receive the initial tax credit of $3,750, 50% of the value of the battery components must be manufactured or assembled in North America.
- To receive another $3,750 credit, 40% of the value of the core product must come from the US or a free trade partner.
A Tesla is $3,750
Several manufacturers are exempt from the $7,500 (6,850 euros) tax credit: BMW, Hyundai, Nissan, Rivian, Volkswagen and Volvo do not have an EV or PHEV that qualifies for one of these US credits. General Motors, Ford and Tesla all qualify for at least one electric model. Like the Stellandis, Ford is considering another plug-in hybrid. At Tesla, the Model 3 Standard Range RWD only benefits from one of the two credits of $3,750, while the brand’s other models take advantage of the $7,500 maximum benefit.
10 samples
The new requirements, which take effect this Tuesday, cut the Chevrolet Bolt’s credits in half. U.S. According to the Treasury Department, only 10 electric or hybrid models are eligible for the federal credit as battery component regulations tighten.
“Passionate analyst. Thinker. Devoted twitter evangelist. Wannabe music specialist.”
More Stories
From Concept to Creation: Designing Your Signature Acrylic Nails
How to Care for Your Marginated Tortoise Year-Round
Biden and Xi want to sit down one last time