Automakers concerned over consumer access to EV tax credit in Senate proposal
Auto August 3, 2022, 0 Comment 13The EV tax credit proposal unveiled last week by U.S. Democratic Sens. Chuck Schumer and Joe Manchin as part of the Inflation Reduction Act lifts the cap on the current $7,500 tax credit but adds increasingly stringent critical mineral and battery sourcing requirements for automakers as well as limits on vehicle sticker prices and the buyer’s income.
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