Proposed Changes to Federal EV Tax Credit – Part 4: Chinese-Assembled Vehicles Will Not Be Eligible for Tax Credit
One of the proposed changes to the federal EV tax credit that has flown a bit under the radar is also one of the most political and protectionist in nature provisions. Effective January 1, 2022, electric vehicles with final assembly* (see definition at the end) in China would no longer qualify for IRC 30D (federal EV tax credit).
A provision in the Clean Energy for America Act requires that a new qualified electric vehicle purchased by the taxpayer has a manufacturer’s suggested retail price (MSRP) of $80,000 or less. What would this change mean for automakers and EV buyers?
There are 9 key proposed changes to the federal electric vehicle (EV) tax credit under the Clean Energy Act for America – this article includes a summary chart and brief highlights.
Here are the electric vehicle-related programs that we can expect the Biden administration to pursue.
California’s Clean Vehicle Rebate Project will see two key changes that could create a small shift in sales across various EV models. When the new vehicle eligibility rules take place beginning on December 3, 2019, 14 currently available electric vehicles will no longer be eligible for the rebates from the state of California.
The US Gas Guzzler Tax is deeply flawed, as it does not tax SUVs, Minivans or pickups and its MPG threshold of 22.5 has not increased since 1991.
Want to know how many electric vehicles have been sold in the US by auto manufacturers since the Federal electric vehicle tax credit went into effect since January 1, 2010? Tesla recently confirmed (see my CleanTechnica article) they had passed the 200K sales milestone in the US in July, but did not share actual numbers. […]
The survival of the Federal electric vehicle (EV) tax credit is a good thing for the auto industry and consumers, but several flaws in its design will give EV laggard automakers a significant competitive advantage beginning around 2020. As background, the Federal EV tax credit phases out over 5 quarters beginning the quarter following the […]
It is that time of year for the cavalcade of lists of predictions to start appearing in the media and blogs. So with that in mind I will do my best Carnac the Magnificent impression and share my electric vehicle predictions for 2018. This predictions post will focus on developments in EV charging technology and […]
Up until this morning, there was still strong hope that Congress would not eliminate the Federal electric vehicle tax credit, but a late amendment puts the credit in significant doubt. Or did it? When I woke up this morning I found the text of the Senate bill H.R.1 – Tax Cuts and Jobs Act that […]