The U.S. Treasury Department and Internal Revenue Service (IRS) have released final rules on the clean vehicle provisions of the Inflation Reduction Act (IRA) that are designed to lower electric ...
The Biden administration finalized guardrails for its electric vehicle tax credit on Friday that keep President Joe Biden’s EV adoption goals in sight but are likely to draw challenges from ...
The Biden administration is giving automakers some leeway on certain strict rules regarding qualification for a $7,500 government tax credit. The final guidelines, which have been released ...
The Biden administration is giving automakers a little leeway around some of the strict rules regarding eligibility for the government’s $7,500 tax credit. The final guidance, which was released ...
But the regulations angered mining companies and Democratic Sen. Joe Manchin of West Virginia, who said they provided a loophole for Chinese companies to benefit from the electric vehicle incentives.
The Biden administration granted automakers some flexibility Friday on qualifying for electric vehicle (EV) tax credits. The new final guidance, issued as part of the 2022 Inflation Reduction Act ...
The Biden administration issued final rules Friday to crack down on Chinese parts and materials in electric vehicle supply chains, while also providing a reprieve for car manufacturers that rely ...
Centrist Democrat Sen. Joe Manchin (W.Va.) is blasting the Biden administration’s new interpretation of which vehicles can qualify for electric vehicle tax credits — saying it gives too much ...
Tesla CEO Elon Musk in 2024. Photo by Anna Webber—Variety via Getty Images The U.S. government on Friday loosened some rules governing electric vehicle tax credits, potentially making more EVs ...