These are the electric vehicles that qualify for a $7,500 tax credit

  • 📰 CBSNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 68%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

General Motors, Ford, Stellantis and Tesla are the only four automakers with electric vehicles that qualify for $7,500 in tax credits this year, according to rules released by the U.S. Treasury Department on Monday.

The new tax credits, which last until 2032, were enacted last year in theand are designed to encourage more Americans to buy eco-friendly vehicles. Some gas-electric hybrid vehicles will be eligible for half the tax credit — or $3,750 — while drivers who purchase certain pre-owned electric vehicles this year can get a $4,000 credit.

Chevrolet Bolt & Bolt EUV"The great news here is that based on [first-quarter 2023] sales volumes, more than 90% of vehicles that were eligible for the credit before April 18 are still eligible, with the vast majority eligible for the full credit," Albert Gore, executive director of the Zero Emission Transportation Association, a clean-vehicle industry group based in Washington, D.C., said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What happpen to fill electric getting $15,000 in tax credits?

Take Tesla off! That's owned and run by the same guy who owns and runs Twitter - elonmusk . elonmusk is full of 💩!

Little throw away junk cars that won’t last a year

Buy a lemon for $75000, and taxpayers will pay off your college loans

So ridiculous.

Expand the list!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 87. in LOANS

Loans Loans Latest News, Loans Loans Headlines