By Ari Natter and Keith LaingThe Biden administration will allow more crossover SUVs to qualify for the newly-revamped electric vehicle tax credit following lobbying by automakers such as General Motors Co. and Stellantis NV.
Specifically, Treasury said it would begin using the Environmental Protection Agency’s fuel economy labeling when deciding which vehicles qualify for an SUV. The adjustment is retroactive to Jan. 1, meaning consumers who already bought vehicles under the new definition can get the credit, the agency said.
“This change will allow crossover vehicles that share similar features to be treated consistently,” the Treasury Department said in a statement. “It will also align vehicle classifications under the clean vehicle credit with the classification displayed on the vehicle label and on the consumer-facing website FuelEconomy.gov.”
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