The tax credit in the USA would end December 31st, 2025. Here’s what that means.
TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law goes into effect as written.
The tax credit in the USA would end December 31st, 2025. Here’s what that means.
TL;DR: EV cars & SUVs will face an average 16% effective price increase, with the lowest cost model up more than 28%, if the law goes into effect as written.
Nice! Color me jealous, I drive an ICE truck, I test-drove a Lightning, it was very nice.
Rn, I think it’s something like 8% of new vehicle registrations per year are EVs. It’s about double that in Europe, and triple that in China (14% and 25%, I think).
So, growing, but if it grows much slower, we’ll be at the back of the pack, and I think being in the lead on this will keep our auto industry competitive for global exports, which are a big chunk of our export economy.