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Changes to the federal electric vehicle (EV) tax credit are set to take effect Jan. 1, reflecting a push by the Biden administration to focus the financial incentives on domestically produced vehicles. The changes to the tax credit, which tops out at $7,500, will exclude certain EVs that include internationally sourced components from eligibility, while…
SAN FRANCISCO (Reuters) -Tesla said the $7,500 federal tax credits for its Model 3 electric vehicles are likely to be reduced after Dec. 31, according to its website on late Tuesday. Tesla did not elaborate on the reasons for the change, but the move comes as U.S. government is set to enforce more stringent rules on batteries next year, in a move to boost domestic manufacturing of the key EV component and reduce the U.S. dependence on China. In June, all Tesla Model 3 vehicles started to qualify for the $7,500 consumer tax credits after two of the three versions had been eligible for half th...
ELECTRIC car owners could be missing out on available discounts when it comes to Irish tolls.Motorists who drive an electric vehicle are able to acces