Current Issue

PREMIUM CONTENT FOR SUBSCRIBERS ONLY

Trends

OEMs Want to Extend EV Subsidies

Order Reprints
2023 Ford F-150 Lightning.jpg

June 15, 2022—Automakers includes General Motors, Ford, Toyota and Stellantis want U.S. lawmakers to expand the eligibility window $7,500 tax credit for consumer electric vehicle purchases.

Reuters reports that the automakers sent a joint letter to members of Congress, hoping they would lift a limit that cuts the tax credit after an OEM reached 200,000 units sold. GM and Tesla have reached that limit.

President Joe Biden has floated the idea to increase tax credits with additional incentives for union-made vehicles from U.S. assembly plants.

Related Articles

Xcel Energy Offers EV Subsidies to Colorado Drivers

Detroit OEMs, UAW in Talks to Set EV Sales Goals with White House

EV Transition Slow, Proving Costly to OEMs

You must login or register in order to post a comment.