Ford, Stellantis, EV Bill And EV Adoption: EV News August 4, 2022 via insideevs.com
expand EV tax credits
, resulting in a non-capped $7,500 credit for new vehicles and a $4,000 credit for used vehicles. Great news, right? Well, not completely. There will be caveats. This credit would only be available on cars that are $55,000 or less and trucks that are $80,000 or less. That’s not all. It’s tied to income as well. If you make over $150,000 as an individual or $300,000 combined, you would not be eligible for this credit. It could be available as an immediate point-of-sale credit though instead of a credit during tax season, so that’s another positive. Some manufacturers are pushing back, such as
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