U.S. automakers say 70 per cent of EV models would not qualify for tax credit under Senate bill

Most electric-vehicle models would be ineligible for a $7,500 tax credit for U.S. buyers under a Democratic proposal in the U.S. Senate, a group of major automakers said on Friday.

“None would qualify for the full credit when additional sourcing requirements go into effect,” he said. An analysis by the Congressional Budget Office on Wednesday suggested just 11,000 new EVs would use the credit in 2023. The bill includes rising requirements for the percentage of battery components originating from North America based on value. After 2023, it would disallow batteries with any Chinese components.

Shocking🙄🙄

Hydrogen cars

Good!

we are angry at Trudeau because of Trudeau tyrant behaviour . TrudeauIsDestroyingCanada ALL BY HIMSELF!

Maybe they should quit putting the biggest efforts into building bloated luxury EVs and start building more smartly designed, compact, and affordable urban EVs.

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Ontario cheers U.S. bill proposing EV tax credits, but still no local incentivesPlans to expand a proposed U.S tax credit on electric vehicle purchases to cover North American-made cars is a boon for the auto sector, says Ontario's economic development minister, but the province isn't planning any buyer incentives for local drivers. I'm sure come election time daddy Ford will propose something fordnation Please propose incentives for Ontario ev Where’s the Canuck bill?
Source: CP24 - 🏆 30. / 67 Read more »