A bipartisan group of U.S. lawmakers introduced legislation on Wednesday to expa...
WASHINGTON - A bipartisan group of U.S. lawmakers introduced legislation on Wednesday to expand the electric vehicle tax credit by 400,000 vehicles per manufacturer, a provision that would give a boost to Tesla Inc and General Motors Co before the existing credit comes to an end for them.
The bill could lift electric vehicle sales in a boost for automakers that have committed tens of billions of dollars toward meeting global emissions requirements. The existing $7,500 EV tax credit, which allows taxpayers to deduct part of the cost of buying an electric car, phases out over 15 months once an automaker hits 200,000 cumulative EV sales. GM saw its tax credit cut to $3,750 on April 1. Tesla’s tax credit fell to $3,750 on Jan. 1 and will end entirely at year’s end.
“We have a cap that’s got to go up,” Stabenow told a group of automakers at a dinner last week. “I want to get this done as soon as possible.” Senator John Barrasso, a Republican who chairs the Environment and Public Works Committee, in February proposed legislation to end the credit and impose a highway user fee on EVs to pay for road repairs.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Ford, GM and Toyota to Steer Standards on Self-Driving Car DevelopmentThree global auto makers—Ford, GM and Toyota—said they would join forces to create a set of standards for the development of self-driving cars.
Lire la suite »
Used car dealers didn’t want to fix deadly defects, so they wrote a law to avoid itHe was 35. Two kids. Driving a Honda Accord that had been recalled but a used-car dealer sold it to him without warning him or fixing the airbags that would send a piece of shrapnel into his neck, killing him in minutes.
Lire la suite »
Used car dealers didn’t want to fix deadly defects, so they wrote a law to avoid itUsed car dealers faced a financial crisis after recalls over deadly Takata airbags and GM ignition switches. So dealers wrote their own legislation and used lobbyists to get it passed.
Lire la suite »
Exclusive: U.S. lawmakers introduce bill to boost electric car tax creditsA bipartisan group of U.S. lawmakers will introduce legislation on Wednesday to ...
Lire la suite »
Tesla shares jump as US lawmakers begin push to expand federal electric vehicle tax creditsThe bill could be a boon for the growing electric vehicle market. The existing $7,500 tax credit for buyers of EVs phases out over 15 months once an automaker sells 200,000 electric cars.
Lire la suite »
Tesla pops after news that the tax credit for electric vehicles may be extendedTesla rises on news that the tax credit for electric vehicles may be extended. The legislation has been proposed by a bipartisan group of lawmakers.
Lire la suite »
Despite a bad quarter, Tesla is singlehandedly growing the sluggish electric-car marketTesla's growth, especially in the US, has been spectacular given that there's been almost no change to automaker market share for a decade.
Lire la suite »
Exclusive: United States sets sights on China in new electric vehicle pushEXCLUSIVE-United States sets sights on China in new electric vehicle push ErnestScheyder
Lire la suite »