Senate votes to place a $40,000 price cap on EV tax credit

Earlier this week the Senate voted to place price and household-income caps on the federal EV tax credit, as part of the $3.5 trillion budget framework currently undergoing negotiations. An amendment introduction by Senator Deb Fischer (R-Neb.) would eliminate tax credits for vehicles costing more than $40,000, and for households with more than…
Source: Green Car Reports
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