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Originally Posted by DocWeatherington
You need to change the post title... "Possible"
This hasn't pass the content of the bill isn't finalized and isn't known.
I doubt it will pass within the current calendar year and note the language is....
In order to get the full credit, the electric vehicle needs to be assembled in North America, the majority of battery components need to come from North America, and contain a certain percentage of minerals from countries with free trade agreements with the US.
Note a large amount of EVs don't qualify...
Also it's at the point of sale...so why not raise the price of EVs by 7500 then they give you a 7500 credit with a net discount of 0.
EVs do no need tax rebates or incentives.
This is a waste of money
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You obviously don't realize the issue. There is already an EV incentive in place and this bill would tweak the qualifications so much so that BMW and pretty much any other foreign manufacturers will not receive any tax credit instead of the 7,500 they receive currently.