Proposed Tax Break for Buying Electric Vehicles Is Too Hard to Get, Auto Makers Say
Payne Institute Director Morgan Bazilian contributed to this article about how the draft rules in Senate climate package mean few current vehicles would be eligible. Major automakers are pressing lawmakers to ease a proposed battery-sourcing requirement for electric-vehicle tax breaks, saying that few, if any, plug-in models on sale today would qualify. But the proposal would stiffen the requirements for an electric vehicle to qualify. Only U.S.-built vehicles would be eligible. August 4, 2022.