VW, Rivian, Nissan, BMW, Genesis, Audi and Volvo lose EV tax credits starting tomorrow

Motor and Chrysler-parent Stellantis said most of their electric and PHEV models would see tax credits halved to $3,750 on April 18. Treasury confirmed the automakers' calculations.billion Inflation Reduction Act .

The law required vehicles to be assembled in North America to qualify for any tax credits, which in August eliminated nearly 70% of eligible models and on Jan. 1 new price caps and limits on buyers income took effect.

Equinox and Blazer should also lose the credit, they both can be produced in the US but made in Mexico

I guess Ford, GM, Tesla, and the other no name manufacturers are the only ones that are left.

So BMW i4 is still available for the full 7500 right?

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VW, Rivian, Nissan, BMW lose access to U.S. EV tax creditsThe U.S. Treasury said Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo electric vehicles will lose access to a $7,500 tax credit under new battery sourcing rules. So even the closest allies can't get a slice of your pie? 😂😂 And I'll never know why. 🙄 elonmusk So, the questions of cost and quality of batteries made else where come into the equation, If additional cost of a domestic battery exceed the credit than it better not to have the credit. Also the quality, (much harder to rate) cost/mile.
Source: Reuters - 🏆 2. / 97 Read more »