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It’s possible no electric vehicles will qualify for the new tax credit

• ZeroGravitas 4y ago
  Headline seems to be a bit of a troll, unless they missed the word "full" out?: > So some EVs may qualify for at least half the full $7,500 credit, depending upon how the value of the battery is determined. > Without knowing more, it's impossible to be definitive about which EVs will qualify for at least $3,750, but the list may include Ford EVs that use cells from Georgia, the locally produced Volkswagen ID.4s, GM EVs that use its new Ultium cells, and Teslas that use cells from Nevada. Basically, batteries need to be partly US mined (recycled?) or built to qualify.
• TheLoafOfBread 4y ago
  If you want a US tax credit, you need to make it in US. Seems fair to me. Stop outsourcing to China.
  • LinuxBender 4y ago
    I like this idea and see other benefits. There are plenty of out-of-work coal miners that could be brought back into the workforce mining the materials needed for batteries and solar panels rather than buying and shipping these heavy materials from other countries.
  • benj111 4y ago
    Surely it depends on what you want the credit to do. If you want to increase ev ownership, this seems bad. If you want to increase domestic mining, this seems like it could be better targeted? You could argue that import taxes should be doing this. And that once it's in the country it should all be treated the same. Lithium's lithium, why should manufacturers track the nationality of which bits of lithium went into which car.
  • UncleOxidant 4y ago
    It'll be several years before there's enough capacity in the US. And by then, will this tax credit still be around? (I'd guess if we end up with a Republican administration & congress a lot of this will go away)