Hydrogen Industry Raises Alarm Over Leaked Tax Credit Rules
A leaked draft of Treasury Department rules for hydrogen tax credits in President Joe Biden’s climate law is drawing warnings from advocates that they may stifle the burgeoning industry.
December 5, 2023Proposed EV Tax Rules Could Make Full Credit Harder to Get
The departments of Treasury and Energy proposed new rules Dec. 1 that could make it harder for electric vehicles to qualify for a full $7,500 federal tax credit.
US Weighing Reprieve for Automakers on EV Tax Credits
The Biden administration has discussed giving automakers a temporary reprieve from rules aimed to limit a consumer tax credit for electric vehicles that contain certain foreign materials.
Here’s Why Leasing an EV Is About to Become More Popular
WASHINGTON — Electric vehicle leases are likely to surge beginning April 18, experts say, as new federal restrictions on EV tax credits come into effect.
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.
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.
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.
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.
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, 2023Manchin 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.