WASHINGTON, April 1 ― The US Treasury Department unveiled stricter electric vehicle tax rules yesterday that will reduce or remove tax credits on some zero-emission models but...
WASHINGTON, April 1 ― The US Treasury Department unveiled stricter electric vehicle tax rules yesterday that will reduce or remove tax credits on some zero-emission models but grant buyers another two weeks before the new requirements take effect.
US officials acknowledged some vehicles will see credits cut or eliminated. Tesla said on Wednesday the Model 3 rear-wheel drive credit will be reduced as a result of the guidance. The government will publish by April 18 a revised list of qualifying models and tax credit amounts. “Some EVs will certainly qualify for a partial credit. Given the constraints of the legislation, Treasury's done as well as it could to produce rules that meet the statute and reflect the current market,” Bozzella said.
On Tuesday, the United States and Japan inked a trade deal on EV battery minerals. Treasury says newly negotiated critical minerals agreements can be considered free trade agreements. The guidance lists Japan as having a US free trade deal. Senate Energy Committee chair Joe Manchin, a Democrat, said Treasury is ignoring the intent of the IRA in writing the guidance.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Waiting hours will be longer during doctors’ strike on April 3-5, says Mogok Doktor MalaysiaPETALING JAYA: After threatening a nationwide strike, the Mogok Doktor Malaysia (Malaysian Doctors on Strike) has now cautioned people not to go to health clinics and public hospitals on April 3 to April 5, as the waiting hours at health clinics and public hospitals are expected to be longer while the strike is underway.
Read more »
Former Youth and Sports Ministry official facing 96 charges, to know court decision April 19KUALA LUMPUR, March 30 — The Sessions Court today set April 19 to deliver its decision on a former Youth and Sports Ministry official Otman Arsahd who is standing trial for 96...
Read more »
Keputusan kes rasuah bekas pegawai kanan KBS diketahui 19 April | The Malaysian InsightOtman Arsahd didakwa atas 32 pertuduhan salah guna kedudukan dan mengemukakan tuntutan palsu membabitkan nilai RM38.4 juta.
Read more »
Verdict on former Youth and Sports Ministry senior officer's corruption case on April 19KUALA LUMPUR: The Sessions Court here has fixed April 19 to deliver its decision in a corruption and money laundering case involving former Youth and Sports Ministry’s finance division secretary Otman Arsahd.
Read more »
Fun Events In The Klang Valley This Weekend From 31 March To 2 April | TRPFrom comic exhibitions and art workshops to weekend markets and melodious concerts, there’s something for everyone this weekend in the Klang Valley.
Read more »