United States expands tax incentive for electric vehicles

In the statement issued by the US Treasury Department, it was reported that under the “Inflation Reduction Act”, the vehicle classification standard used to determine the cap price for the current tax deduction was changed of “clean vehicle”.

Recalling that in December last year the basic requirements for manufacturers and dealers of clean vehicles to benefit from tax incentives were determined, he recalled that a guide on the subject was published in January.

In the statement, it was noted that the guideline provides the standard for determining whether vehicles are sedans, SUVs or any other type, or subject to the limit of $55,000 to $80,000.

Noting that the vehicle classification rule has been updated in order to make it easier for consumers to know which vehicles are within the scope of the clean vehicle tax reduction, the statement said the change will be effective as of January 1. January.

In the US, consumers can take advantage of clean vehicle tax deductions of up to $7,500 on new electric vehicle purchases.

Thanks to the update, some models of electric cars from automakers such as Tesla, Ford and Volkswagen, which were previously not covered by the tax cuts, will also be able to benefit from the incentives. (AA)