U.S. says more Tesla, Ford, GM EVs eligible for tax credits

Posted on AllSides February 4th, 2023
From The Center
REUTERS/Mike Blake

The U.S. Treasury Department said Friday it will make more Tesla (TSLA.O), Ford Motor (F.N), General Motors (GM.N) and Volkswagen (VOWG_p.DE) electric vehicles eligible for up to $7,500 tax credits after it revised its vehicle classification definitions.

The reversal by Treasury is a win for Tesla, GM, Ford and other automakers which had pressed the Biden administration to change the vehicle definitions.

Under the $430 billion climate bill approved in August, SUVs can be priced at up to $80,000 to qualify for EV tax credits, while cars, sedans and wagons can only be priced at up...

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https://www.reuters.com/business/autos-transportation/us-treasury-makes-more-evs-eligible-tax-credits-2023-02-03/

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