A new and probably shorter list of electric vehicles qualifying for consumer tax credits will be released in a few weeks, as the Biden administration enforces stricter rules about how and where the vehicles are built.
The Internal Revenue Service’s updated list will be published April 18, several months after the federal government began offering new tax credits of up to $7,500 for buyers of electric vehicles.assembled
in North America and priced under certain levels. But additional rules will apply as of April 18: The vehicle batteries will need to contain certain levels of materials that originate in North America or in countries with which the United States has a free-trade agreement. Those rules, designed to reduce manufacturers’ reliance on Chinese components, “will likely restrain the number of vehicles that qualify in the short term,” a senior administration official told journalists on Thursday, speaking on the condition of anonymity to preview the rules. The government will publish the list of qualifying vehicles atThe administration believes the rules will strengthen U.S. manufacturing over time and make it less reliant on China, the official added.
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