ASOTU CON tickets now available at ASOTUCON.com.
They fought the law, and... they won?
After months of conversations between US lawmakers and automakers, a deal to lift the 200k cap on EV tax credits has gained bipartisan support in the Senate. Lobbying centered around the inability to maintain an aggressive pursuit of emission-cutting efforts by OEMs who were already beyond the cap.
👮 💰Tax Credits. The new EV tax credits will go up to $12,500 per EV purchased by a family earning up to $300k per year. Trucks, vans, and SUVs retailed over $80k, and cars over $55k will not be eligible for the credits. A $4000 tax credit will also be available for used EV sales.
💭 🔋And Then Some. In addition to the tax credits for buyers, the bill includes $20b for clean vehicle manufacturing, $30b for additional production tax credits, $2b for retooling existing manufacturing facilities, and finally, $1b to buy government vehicles like school buses and garbage trucks using renewable energy.
TL:DR — A high-ranking S. Korean-based auto park maker is pulling a divide and conquer, while SK Group, the 2nd largest individually controlled S. Korean conglomerate, invests in safe chargers for apartment buildings. Each move feels like an investment in being key players in the global shift toward electrification.
