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Americans can purchase 91 models of electric cars and trucks -- but as of Tuesday, only 14 of them will qualify for federal tax breaks intended to persuade motorists to forsake their gas-guzzlers. That number is sure to change.
That number is sure to change.
But for now, new Biden administration rules first announced March 31 will sharply winnow the number of vehicles now eligible for the [$3,750 - ]$7,500 tax credit, a long-awaited list that the Treasury Department published Monday morning.
The new list is a big win for automakers in the U.S.—the Detroit Big Three of Ford, General Motors, and Stellantis [FKA Chrysler - (Fiat - Daimler)]—plus Tesla. But vehicles from European and Asian companies such as Volvo, BMW, Volkswagen[, HYUNDAI, KIA, TOYOTA, BYD,] and Nissan are losing the [HEV, PHEV, FCEV, and EV] tax credits that they had been eligible for until now. [Fed-qualified EV Inflation Reduction Table: make | model | year | min MSRP | tax credit amt]
[Fed-qualified EV Inflation Reduction Table: make | model | year | min MSRP | tax credit amt]
... Volkswagen officials had said on Monday that they expected the ID.4 to qualify for the full federal tax credit of $7,500 but that the company was still awaiting the proper documentation from its battery supplier [!] to submit to the Treasury Department....
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