Volkswagen
The ID.4 EV did not initially qualify for tax rebates.
(Photo: IMAGO/ZUMA Wire)
According to the US Treasury Department, electric models from German carmakers Volkswagen, BMW and Mercedes do not meet the new battery procurement rules. However, since this is a prerequisite for tax breaks of $7,500 per vehicle, the three manufacturers are losing their right to the bonus, the Treasury Department said on Monday.
The new rules are expected to come into effect on Tuesday. The foreign manufacturers Nissan, Hyundai and Volvo are also left empty-handed, as is the US pick-up start-up Rivian.
According to the publication, US automaker Tesla and most electric models from Ford and Stellantis will have their subsidy halved, while General Motors’ Chevrolet Bolt and Bolt EV electric cars will receive the full $7,500 tax credit.
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