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EV tax credits are back — and bigger — in new Senate climate bill

Jul 28, 2022

Source: https://www.theverge.com/2022/7/28/23282156/ev-tax-credit-used-vehicle-senate-deal-schumer-manchin

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Senator Joe Manchin has had a change of heart about electric vehicles.

The West Virginia Democrat, who previously described federal tax credits for EVs as “ludicrous,” announced a surprise deal with Senate Majority Leader Chuck Schumer on a reconciliation package that includes $369 billion for climate and energy measures aimed at slashing carbon emissions by 40 percent by 2030.

The bill would allow car buyers to continue to claim the current $7,500 federal tax credit for the purchase of “clean vehicles” — the new preferred phrase describing plug-in hybrid, battery-electric, and hydrogen fuel cell vehicles, replacing the old phrase “new qualified plug-in electric drive motor vehicle.”

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Original Text (This is the original text for your reference.)

Senator Joe Manchin has had a change of heart about electric vehicles.

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