KONTAN.CO.ID - WASHINGTON. The Biden administration said on Tuesday about 20 models will still qualify for electric vehicle tax credits of up to $7,500 through the end of 2022 under legislation signed by President Joe Biden. The law Biden signed Tuesday immediately ends credits for about 70% of the 72 models that were previously eligible, said the Alliance for Automotive Innovation, an industry trade group. To qualify, EVs must now be assembled in North America.
U.S. Says About 20 Models Will Get EV Credits Through End of 2022
KONTAN.CO.ID - WASHINGTON. The Biden administration said on Tuesday about 20 models will still qualify for electric vehicle tax credits of up to $7,500 through the end of 2022 under legislation signed by President Joe Biden. The law Biden signed Tuesday immediately ends credits for about 70% of the 72 models that were previously eligible, said the Alliance for Automotive Innovation, an industry trade group. To qualify, EVs must now be assembled in North America.