tax credits News Updates

GovernmentBusinessTechnologyEquipment

Proposed EV Tax Rules Could Make Full Credit Harder to Get

The departments of Treasury and Energy proposed new rules Dec. 1 that could make it harder for electric vehicles to qualify for a full $7,500 federal tax credit.

December 1, 2023
GovernmentBusinessTechnology

US Weighing Reprieve for Automakers on EV Tax Credits

The Biden administration has discussed giving automakers a temporary reprieve from rules aimed to limit a consumer tax credit for electric vehicles that contain certain foreign materials.

November 29, 2023
GovernmentBusinessEquipmentFuelTCA

Here’s Why Leasing an EV Is About to Become More Popular

WASHINGTON — Electric vehicle leases are likely to surge beginning April 18, experts say, as new federal restrictions on EV tax credits come into effect.

April 7, 2023
GovernmentBusinessTechnologyEquipmentFuel

F-150 Lightning Is Ford’s Only EV to Get Full Tax Credit

Ford Motor Co. expects only its F-150 Lightning pickup to qualify for a full tax credit under a new law designed to spur adoption of battery-powered models.

April 6, 2023
GovernmentBusiness

House Lawmakers Unveil Trucking Workforce Bill

Reps. Mike Gallagher (R-Wis.) and Abigail Spanberger (D-Va.) unveiled the Strengthening Supply Chains Through Truck Driver Incentives Act in response to the truck driver shortage.

April 4, 2023
GovernmentBusinessEquipmentFuel

EV Tax Credit Rules Leave Carmakers in the Dark — Again

Automakers who are waiting for the U.S. Treasury Department to help them figure out which of their cars are eligible for lucrative electric-vehicle tax credits will have to keep waiting.

April 3, 2023
GovernmentBusinessTechnology

Treasury Expands Tax Credits to More Electric SUVs

WASHINGTON — The Treasury Department said Feb. 3 it is making more electric vehicles eligible for tax credits of up to $7,500 under new vehicle classification definitions.

February 3, 2023
GovernmentBusinessTechnologyEquipment

SUVs Emerge as Hot Point in EV Tax Credit Debate

General Motors Co. has taken a central role in pushing the Treasury Department to change how the government defines a sport utility vehicle and expand how many buyers can get electric vehicle tax credits.

January 27, 2023
GovernmentBusinessTechnology

Manchin Bill Would Delay Tax Credits for Electric Vehicles

WASHINGTON — Ratcheting up his criticism of the Biden administration, Sen. Joe Manchin (D-W.Va.) on Jan. 25 moved to delay new tax credits for electric vehicles.

January 25, 2023
GovernmentBusinessFuel

Proposed Update to Renewable Fuel Standard Could Benefit EV Makers

The good news for EV automakers and charging network operators is that changes to an 18-year-old U.S. program that has driven adoption of ethanol and biodiesel is getting a makeover for the electric vehicle age.

January 24, 2023