Good news! Bravo! This egregious government subsidy for the purchase of EVs should never have become law! A huge scandal!
It benefited primarily high income earners! Where were the usual social justice warriors when you need them!!!!
"Under the Senate bill, the deadline for ending the credit would move to September 30 from December 31 in the House version of the so-called megabill, which is a tax-cut and spending package. ...
Currently, the tax credit on new electric vehicle purchases and leases is up to $7,500 and up to $4,000 for used EVs under $25,000.
The House version also allowed automakers who have sold less than 200,000 EVs to continue selling models eligible for the EV tax credit until the end of 2026. ..."
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