![]() The change "will allow crossover vehicles that share similar features to be treated consistently,'' Treasury said, and also will align vehicle classifications under the clean vehicle credit with the classification displayed on the vehicle label and on the consumer-facing website,. The rule had disqualified some higher-priced EVs, prompting complaints from Tesla and other automakers.įord and market leader Tesla both said in recent weeks that they are cutting prices on some EVs, in part to qualify for the new federal tax credit and spur buyer interest.īlack church awarded $1 million after BLM banner burned by Proud Boys during protest Under the sweeping climate law approved last summer, pickup trucks, SUVs and vans with a sticker price up to $80,000 qualify for EV tax credits, while new electric cars, sedans and wagons can only be priced up to $55,000. ![]() Tesla CEO Elon Musk met with top aides to President Joe Biden last week to discuss the EV industry and the broader goals of electrification. The revised standards for EV tax credits follow lobbying by automakers that had pressed the Biden administration to change vehicle definitions to allow higher-priced vehicles to qualify. ![]() The Treasury Department said Friday it is making more electric vehicles - including SUVs made by Tesla, Ford and General Motors - eligible for tax credits of up to $7,500 under new vehicle classification definitions.
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