tax credits News Updates

Government, Business, Technology, Equipment, Fuel

F-150 Lightning Is Ford’s Only EV to Get Full Tax Credit

Ford Motor Co. expects only its F-150 Lightning pickup to qualify for a full tax credit under a new law designed to spur adoption of battery-powered models.

April 6, 2023
Government, Business

House Lawmakers Unveil Trucking Workforce Bill

Reps. Mike Gallagher (R-Wis.) and Abigail Spanberger (D-Va.) unveiled the Strengthening Supply Chains Through Truck Driver Incentives Act in response to the truck driver shortage.

April 4, 2023
Government, Business, Equipment, Fuel

EV Tax Credit Rules Leave Carmakers in the Dark — Again

Automakers who are waiting for the U.S. Treasury Department to help them figure out which of their cars are eligible for lucrative electric-vehicle tax credits will have to keep waiting.

April 3, 2023
Government, Business, Technology

Treasury Expands Tax Credits to More Electric SUVs

WASHINGTON — The Treasury Department said Feb. 3 it is making more electric vehicles eligible for tax credits of up to $7,500 under new vehicle classification definitions.

February 3, 2023
Government, Business, Technology, Equipment

SUVs Emerge as Hot Point in EV Tax Credit Debate

General Motors Co. has taken a central role in pushing the Treasury Department to change how the government defines a sport utility vehicle and expand how many buyers can get electric vehicle tax credits.

January 27, 2023
Government, Business, Technology

Manchin Bill Would Delay Tax Credits for Electric Vehicles

WASHINGTON — Ratcheting up his criticism of the Biden administration, Sen. Joe Manchin (D-W.Va.) on Jan. 25 moved to delay new tax credits for electric vehicles.

January 25, 2023
Government, Business, Fuel

Proposed Update to Renewable Fuel Standard Could Benefit EV Makers

The good news for EV automakers and charging network operators is that changes to an 18-year-old U.S. program that has driven adoption of ethanol and biodiesel is getting a makeover for the electric vehicle age.

January 24, 2023
Government, Business, Technology, Equipment

EV Tax Credit Rulings Please Some Automakers, Exclude Others

The U.S. government has angered Tesla Inc.’s Elon Musk and handed welcome news to other automakers like Hyundai Motor Co. with guidance on which electric vehicles will qualify for tax credits in the coming months.

January 5, 2023
Government, Business, Technology

Treasury Signals Opening for Foreign Carmakers on EV Subsidy

The U.S. Treasury Department signaled some imported cars will qualify for electric vehicle tax credits in the Inflation Reduction Act, a move that could assuage Asian and European allies’ concerns about the sweeping climate legislation.

December 29, 2022

US EV Tax Credit Could Violate WTO Rules

BRUSSELS — The European Union expressed concern Aug. 11 that a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles would discriminate against European producers and break World Trade Organization rules.

August 11, 2022