When the official rules related to the new US federal EV tax credit were shared, some people were upset that most current and future electric cars and SUVs may not actually qualify for the credit. The US government added specific rules to encourage brands to begin manufacturing EVs on our shores, and it already seems to be working. Audi may join Kia, Hyundai, and others in expanding its North American footprint.has never had a US car plant.
. Much like the current credit, it's worth up to $7,500 on the purchase of a new electrified model. However, the new credit is a point-of-sale rebate that's available to all EV makers, as long as they follow a few key rules. First and foremost, US politicians want electric cars not only to be produced and assembled in the US, but also for their battery materials to be sourced from within, or from a country with which the US has a trade agreement. There are also various caps on vehicle prices, as well as the earnings of buyers. The goal here would be to limit subsidizing high-priced EVs for wealthy people, bringing the focus back to helping everyone eventually afford an EV.
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