• News aggregator on electric cars and electric vehicles (cars, motorcycles, boats, planes).

Senate votes to place a $40,000 price cap on EV tax credit


Earlier this week the Senate voted to place price and household-income caps on the federal EV tax credit, as part of the $3.5 trillion budget framework currently undergoing negotiations. The non-binding amendment introduced by Senator Deb Fischer (R-Neb.) proposed tax credits for vehicles costing more than $40,000, and for households with more… More…

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