Connect with us

Hi, what are you looking for?

OMD NewsOMD News


300,000+ EVs Eligible for Tax Credits: US Government’s Push to Boost Electric Vehicle Adoption – Must Know!

The Biden administration’s Inflation Reduction Act has expanded tax breaks for electric vehicles in the U.S., eliminating vehicle manufacturer limits while reducing incentives for higher-income earners, and promoting North American manufacturing of EV components to support cleaner air and technological advancements.

Electric Cars Gain Popularity in the U.S. with Biden’s New Tax Breaks – Promoting Cleaner Air and Technological Advancements

The article “The Cool Down” reports that electric cars are gaining popularity in the US due to expanded tax credits under the Biden administration’s Inflation Reduction Act. The updated rules remove sales limits per manufacturer, though high-income earners receive reduced tax breaks. Additionally, there’s a push for more electric car components, such as batteries, to be manufactured in North America.

Electric vehicles are popular for reducing air pollution, and helping those with asthma. Advances in technology are making them more affordable and practical. The District EV by Land, which can switch between an e-bike, moped, or motorcycle, offers users more transportation options.

READ ALSO: 9 Million Americans Receive Social Security Disability Insurance Payments: Important Dates And Guidelines To Know

300,000+ EVs Eligible for Tax Credits: US Government’s Push to Boost Electric Vehicle Adoption – Must Know! (PHOTO: EMobility+)

U.S. Grants Grace Period for Battery Material Sourcing Shift to North America – Enhancing Electric Vehicle Tax Credit Eligibility

Additionally, the U.S. government has given a four-year grace period for automakers and battery suppliers to find more sources for materials used in making batteries. This time will help them transition to getting these materials from North America instead of relying on places like China, which has been a leader in battery production. With more electric vehicles now eligible for tax credits, there’s hope that these changes will encourage even more people to choose electric cars in the coming years.

READ ALSO: Governor Josh Shapiro Extends PA Property Tax/Rent Rebate Program Deadline To December 31, 2024: What You Need To Know

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...


The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...


The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...


In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...