qualify

Automakers say 70% of EV models don’t qualify for tax credit under Senate bill

Check out what’s clicking on FoxBusiness.com. Buyers of a majority of electric-vehicle models would not qualify for a $7,500 tax credit under a Democratic proposal in the U.S. Senate. That’s according to a group of major automakers.Automakers have been privately concerned about the proposal’s requirements for vehicles’ batteries and critical-mineral contents to be sourced from …

Automakers say 70% of EV models don’t qualify for tax credit under Senate bill Read More »

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

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca CookRegister now for FREE unlimited access to Reuters.comRegisterWASHINGTON, Aug 5 (Reuters) – 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. …

U.S. automakers say 70% of EV models would not qualify for tax credit under Senate bill Read More »