Revisions to the EV tax credits are not a dead letter on Capitol Hill, according to at least one influential politician. Debbie Dingell (D-Michigan) .
Buyers of EVs made by companies such as Tesla and GM are no longer eligible for credits because both companies have reached a cap on credits of 200,000 originally put in place in 2007. Several other automakers, among them Ford, Hyundai and Nissan, are rapidly approaching the cap limit, which the Alliance for Automotive Innovation says should be lifted right across the board to the benefit any company making electric vehicles.
An expansion of tax credits originally was part of President Joe Biden’s Build Back Better plan, which was scuttled last December after negotiations with Senator Joe Manchin (D-West Virginia) broke down. The climate related-issues — including the EV tax credit — were one of the key reasons the talks stalled. Toyota, which is opposed to an expanded credit for union made EVs, operates a plant in West Virginia
.
