Which EVs qualify for new US tax credit? Websites offer help

that could be used to defray the cost of purchasing an electric vehicle.

As of Tuesday, tax credits will no longer be available for vehicles assembled outside of the U.S., Canada or Mexico. But people who signed purchase contracts for EVs before Tuesday could still get the credits. The remaining electric vehicle provisions of the law are effective Jan. 1. File: A 2019 pre-owned Nissan Leaf SV was the only electric vehicle on the lot at Milford Nissan in Massachusetts this summer. While automakers have been announcing U.S. battery factories and trying to secure domestic mineral supplies, a large industry trade association has warned that the vast majority of EVs now on sale in the U.S. wouldn’t qualify for the full credit under the Inflation Reduction Act.

"The No. 1 obstacle to EV adoption is cost," said Michelle Krebs, executive analyst with Cox Automotive. "So a $7,500 difference is significant on one vehicle compared to another for the part of the market that this is aimed at."Under the law, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent to be eligible for the credit.

If the metals requirement isn’t met, the automaker and its buyers would be eligible for half the tax credit, $3,750.

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Joe Biden to Sign Massive Legislation on Climate Change and Health CarePresident Biden will sign Democrats’ landmark climate change and health care bill on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda, as he aims to boost his party’s standing with voters before midterm elections. Don’t think it’s working
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Inflation Reduction Act: Biden to sign massive climate and health care billPresident Joe Biden is preparing to sign Democrats’ landmark climate change and health care bill, which includes the most substantial federal investment in history to fight climate change. FOX13 Run for the Hills!!!! 72 billion from seniors 401k. brilliant 🤓 So not inflation fixing ? We were lied to by the title of the bill? How dare our senators pull a bait and switch.
Source: fox13seattle - 🏆 328. / 59 Read more »

Biden to sign massive climate and health care legislationPresident Joe Biden will sign Democrats’ landmark climate change and health care bill on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda. Good luck in life What happened to the Inflatiioon Reduction Act? Did your DNC email tell you to change the name? Promises made, promises kept! And no drama! It’s so nice to have adults in charge again
Source: denverpost - 🏆 13. / 72 Read more »