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#1 2021-02-11 16:01:42

wokfyne
Member

EV tax credit renewal and expansion gets first big push under Biden ad

EV tax credit renewal and expansion gets first big push under Biden administration

Back in 2019, Tesla and General Motors approached the cap after selling enough qualifying electric and plug-in hybrid cars that would exclude each automaker from future federal EV tax credits. Despite pushes in Congress to extend them, the measures ultimately failed. However, on Feb. 5, Democrats in the House of Representatives reintroduced the GREEN Act, which among many other tax code revisions would once again open Tesla and GM to federal EV tax credits.

https://www.cnet.com/roadshow/news/ev-t … istration/

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