Opinion: The IRS Says GM's Lyriq EV Isn't An SUV, But Why Should SUVs Get Special Tax Treatment Anyway? | Carscoops

South Africa News News

Opinion: The IRS Says GM's Lyriq EV Isn't An SUV, But Why Should SUVs Get Special Tax Treatment Anyway? | Carscoops
South Africa Latest News,South Africa Headlines
  • 📰 Carscoop
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Opinion: The IRS Says GM's Lyriq EV Isn't An SUV, But Why Should SUVs Get Special Tax Treatment Anyway? | Carscoops carscoops ⬇️

The IRS has opened a can of worms whose lid was already struggling to stay closed. The U.S. department responsible for taxation has published a listqualify for tax credits under the terms of last year’s Inflation Act, and several big names have been shocked to find their cars don’t qualify.

But we felt the story raised some wider issues that merited their own separate post. One of those is that this whole debacle has reminded us how blurred the boundaries now are between vehicle types. Fifty years ago things were very simple. Cars were low and had two or four doors and SUVs were tall, agricultural beasts built for people who genuinely needed off-road ability, and even a visually impaired mole wouldn’t struggle to tell the two apart.

, which as their name suggests, were intended to bridge the gap between the two. Almost every week atwe wrestle with labels for the new cars we’re writing about. Is this a car or a crossover? Is this a crossover or an SUV?The reality is that in almost every case they are just cars. The Audi Q4-etron, theiX, the Cadillac Lyriq, the Ford Mustang Mach-E, the Tesla Model Y and dozens of others like them are just cars.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Carscoop /  🏆 306. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IRS sets date for tax season, but taxpayers can begin filingIRS sets date for tax season, but taxpayers can begin filingIRS gives an estimate on how long it will take to process refunds after the agency hired additional staff.
Read more »

Watchdog Calls for Investigation Into IRS Over Repeated Failure to Audit TrumpWatchdog Calls for Investigation Into IRS Over Repeated Failure to Audit TrumpA complaint filed this week shows that there may have been political corruption and abuse within the agency due to the administration’s influence, raising questions about how the decisions to give Trump a pass on mandatory tax audits were made.
Read more »

IRS warns Indiana taxpayers of tax scams as season begins January 23IRS warns Indiana taxpayers of tax scams as season begins January 23“Tax time is scam time,” said Luis Garcia, a spokesperson for the IRS. Our KaraKenney6 explains what you need to know to protect yourself and what the IRS will never do.
Read more »

GOP House targets China, abortion, IRS funding in McCarthy's first week as speakerGOP House targets China, abortion, IRS funding in McCarthy's first week as speakerThe new Republican House targeted China, abortion and IRS funding during Kevin McCarthy's first week as speaker.
Read more »

Tesla Cut Prices, but Some Buyers Won’t Get EV Tax CreditTesla Cut Prices, but Some Buyers Won’t Get EV Tax CreditEV tax credits are an incentive for car buyers to go electric, but they can also be confusing to navigate
Read more »

Opinion: Denver's Anti-Wage Theft Bill Is a Victory for the Working-ClassOpinion: Denver's Anti-Wage Theft Bill Is a Victory for the Working-ClassCommentary: Denver City Council vote on Monday was a victim for the working class.
Read more »



Render Time: 2025-03-03 15:35:19