WASHINGTON : U.S. automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers of electric vehicles , as Congress prepares for final votes today on a bill that includes a top-to-bottom overhaul of Washington's clean vehicle policies.
However, industry executives were more positive about proposed incentives of up to $40,000 per vehicle for larger commercial electric vehicles, such as Tesla Inc's Semi or electric commercial vans developed by several manufacturers. However, U.S. Transportation Secretary Pete Buttigieg told Reuters in an interview this week:"This is ... going to be a very important long-term transformational policy to accelerate the EV revolution and to make sure it is a 'Made in America' EV revolution."The Biden administration must still write and finalize implementing regulations to handle some of the complex questions raised by the quick rewrite of the tax credit.
Several automakers, including startups Rivian and Fisker, this week began urging would-be customers to get off the fence and commit to buying vehicles before the current rules are replaced.The bill does allow consumers to still get the credit if they buy before Biden signs the bill into law, but must have a"written binding contract" to purchase.
Mercedes-Benz said it is"reviewing the proposal in anticipation of the new provisions becoming final in the coming week."
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