Automotive

US Automakers Push To Lift EV Tax Credit Cap

Maybe we should limit the tax credit to one per American instead of tying it up in weird OEM math?
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US Automakers Push To Lift EV Tax Credit Cap

GM, Ford, Stellantis, and Toyota are urging Congress to lift the $7,500 EV tax credit cap. The joint letter issued by the company CEOs says economic pressure is driving up the cost of manufacturing and increasing the price to consumers. 

Some companies have already hit the 200k limit covered by the existing tax credits. With a combined $170B pledged to EV production, development, and sales by 2030, companies want to ensure EVs remain realistic options for customer budgets.

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