Senate deal should make it easier to buy electric vehicles

by Senate Majority Leader Chuck Schumer and holdout Sen. Joe Manchin of West Virginia would give EV buyers a $7,500 tax credit starting next year, through the end of 2032. There’s also a new $4,000 credit for those buying used EVs, a move to help the middle class go electric.To be eligible, the electric vehicle has to be assembled in North America, and there are limits on annual income for buyers.

“The tax credits for electric vehicles in the bill will benefit consumers and cut costs for low- and middle-income families,” the Sierra Club said of the measure, which still must be approved by both chambers. “We're hoping for swift adoption."accounted for about 5% of U.S. new vehicle sales, with 46 models on sale. S&P Global Mobility expects that to hit 8% next year, 15% by 2025, and 37% by 2030.

Also, there aren’t many used EVs priced under $25,000 yet, and those that are mainly are older, with lower ranges per charge, Caldwell said, noting that a 5-year-old Chevrolet Bolt small electric car — one of the lowest-priced EVs on the road — is likely to cost more than $25,000. For used EVs, income limits are $150,000 if filing a joint return, $112,500 for a head of household, and $75,000 for others not in the first two categories.General Motors, Tesla and Toyota all have exceeded the capAlso, more than half the value of battery components have to be manufactured or assembled in North America to get the full credit. And at least 40% of the minerals used in batteries must come from either the U.S. or a country with which it has a free trade agreement.

Source: Car News Wire (carnewswire.net)

Oh yes, they'll be everywhere in Westside by the end of the summer, too bad they can't afford to pay their electric bill but that's alright it's not like they can afford to buy food anyways so no need to drive to the grocery store.

These electric vehicles are shit

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