Share to WeChat
Open WeChat, click “Discovery” at the bottom, |
China Business News 2023-04-18 15:56:40
Editor in charge: Hao Yunying
The U.S. Treasury Department updated its list of electric vehicles eligible for tax credits on April 17, a change that sets new standards for battery components and is intended to entice automakers to bring more of their manufacturing work domestically. Automakers such as Volkswagen, BMW, Nissan, Hyundai and Volvo will lose tax breaks, and the updated rules show that no electric models from foreign brands are eligible for subsidies.
The U.S. Treasury Department updates the electric car tax relief rules, Volkswagen, Nissan, BMW, etc. lose subsidies
The U.S. Treasury Department updated its list of electric vehicles eligible for tax credits on April 17, a change that sets new standards for battery components and is intended to entice automakers to bring more of their manufacturing work domestically. Automakers such as Volkswagen, BMW, Nissan, Hyundai and Volvo will lose tax breaks, and the updated rules show that no electric models from foreign brands are eligible for subsidies.