The US government is promoting the purchase of electric cars with tax credits of up to $7,500 – but only relatively few models will qualify for this in the future. For e-vehicles from bmw, Volkswagen, Nissan, Rivian, Hyundai and Volvo, the subsidies will initially be eliminated, as emerged on Monday (local time) from a list by the Treasury Department and the US tax authority IRS.
The reason is new conditions for battery production, which are to come into force on Tuesday. They make the tax breaks dependent on the proportion of vehicles manufactured in North America and the extent to which battery components and important raw materials are made from the USA or come from certain trading partners. Among other things, this should reduce the battery dependency of China be reduced.
Volkswagen confident about bonus for ID.4
A US spokesman for Volkswagen said the company was “quite confident” that it would still get tax premiums with its ID.4 e-model. We are still waiting for important documents from a supplier.
The subsidies are part of the multi-billion dollar “Inflation Reduction Act“, with which the administration of US President Joe Biden (80) wants to strengthen domestic industry.
Only ten models currently qualify for the full bonus worth $7,500. They come from the largest US automakers General Motors and ford as well as from Tesla and Stellantis. But there was also bad news for Tesla: The Treasury Department reduced the premium for the standard version of the best-selling Model 3 by half to $3750.