Epoch Times – The vast majority of all-electric vehicle (EV) models will not be eligible for tax credits of up to $7,500, according to federal rules that come into effect on April 18, which could have a dampening impact on potential car buyers looking to go electric.
Only 16 EVs from four brands are eligible for tax credits if the vehicles are taken delivery by taxpayers on or after April 18, 2023, according to data from fueleconomy.gov, a website run by the Department of Energy (DoE). New rules set by the Department of the Treasury and per the provisions of the Inflation Reduction Act (IRA) mean that most of the 40 EVs that are available in the United States won’t be eligible for tax credits.
Many of the vehicles that do not qualify for credits are manufactured outside of North America, which disqualifies them automatically.
At least 40 percent of the value of battery minerals should be mined, processed, or recycled in the United States or in nations with which America has trade deals. This requirement jumps 10 percent each year until it hits 80 percent in 2027.
At least 50 percent of the value of battery parts should be assembled or manufactured in North America. This number jumps to 60 percent in 2024 and 2025. In the subsequent years, the number rises by 10 percent each year until it hits 100 percent in 2029.
Meanwhile, companies are setting up battery and assembly plants in the region in hopes of getting their vehicles eligible for the benefits. more
Since I won’t be buying one of these fancy Tow motors to haul around a half ton or more of battery, I don’t care!
That’s Shocking!
://electrek.co/wp-content/uploads/sites/3/2020/09/Nikola-tesla.jpg?quality=82&strip=all&w=1600
Huh. I wasn’t aware the Environment cared where the magic vehicles of restoration were made.
Would that be the 16 that the “Big Guy” gets 10% on?
How many in congress recently bought stock in these companies?
Stupidity. There aren’t enough raw materials to build tens of millions of EV batteries, and even if there were there’s not enough electricity generate to charge them.
The White House is now suggesting every family be relegated to one Fred Flintstone type vehicle to cut back on emissions… Except for politicians, actors and the elite. They can do whatever the want.
@ Wild Bill
That’s the point.
No freedom to travel.
Watch Scotty Kilmer on Y-tube:
Subaru, Toyota, Honda, & Mazda have all said that they already NO LONGER feel that Electric is the best way forward.
Reasons Vary but Chips, Electrical supply, batteries, & PROFITABILITY are the reasons they seem to have given to various degrees.
Remember kids, we’re going to be the ones subsidizing our overzealous green neighbors electric car. When his insurance on that car gets too high, we’ll get to subsidize that too.
Oh, and if he gets a mortgage, we may be subsidizing that. A new Biden rule goes into effect May 1st.
https://www.independentsentinel.com/disaster-good-credit-rating-means-you-pay-for-risky-homebuyers/
I’m a little surprised that they included Tesla, given their new hatred of Elon. At least they are being consistent with the rules, I suppose.
The only reason Tesla was included is because the idiots in the Bite me administration figured by now Texas would have seceded from the US, making Tesla a “foreign car”.
Does anyone have a link to this story that isn’t behind a pay wall?
Here is one without the pay wall:
ht-ps://www.businessinsider.com/electric-cars-that-qualify-for-7500-ev-tax-credit-full-list-2023-4
There shouldn’t be any subsidy’s for any of this stuff. If it was any good people would be clamoring to buy it.This includes solar panels, wind mills , any of it.
That’s the point. It is NOT ‘any good’.
Neither was corn ethanol for fuel, or frickin “Empire Strikes Back’ windmills EVERYWHERE in the USA.
Talk about environmental impact. American cities are all shitholes and now driving crosscountry on most Interstates the view is like construction site scaffolding. And it is ‘permanent’ and when it runs its course (sooner than later) there won’t be enough landfill space!
“there won’t be enough landfill space!”
There’s always the oceans if we don’t manage to fill them with plastic first. Plus dumping all those worn out solar panels and windmills in the ocean would probably add 3 to 5 inches of sea level rise.