When the Biden administration’s proposed rule for which vehicles qualify for its revamped EV tax credit goes into effect on April 18, the number of eligible cars will actually shrink.
There is no limit to the number of EVs automakers can sell with tax credits, as long as those vehicles meet the requirements. This is a change from the previous rule, which capped the number of vehicles that could be sold with the tax incentives. What is in the new EV tax credit rule and why is it complicated? The new Treasury rule on EVs comes from the Inflation Reduction Act, the climate and clean energy law passed by Congress last year.
Protectionism leads to increased prices for end consumers and the tax credit will therefore just be a a small compensation.
Forget electric cars , hydrogen cars are the better solution! The battery of the electric cars contain cobalt and lithium, witch in turns is very expensive to extract , especially since child labor , and disposal cost are very high and it’s extremely environmentally harmful
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Who will end up paying for the banking crisis: You | CNN BusinessIt cost the Federal Deposit Insurance Corporation about $23 billion to clean up the mess that Silicon Valley Bank and Signature Bank left in the wake of their collapses earlier this month. Duh Always When did CNN start speaking with the tone of the ruling class? You are just small reporters and ordinary people like us!
Source: CNN - 🏆 4. / 95 Read more »
FDA requires medical devices be secured against cyberattacks | CNN BusinessThe Food and Drug Administration will now require medical devices meet specific cybersecurity guidelines after years of concerns that a growing number of internet-connected products used by hospitals and healthcare providers could be hit by hacks and ransomware attacks. I have worried about this. FakeNews uglybetty reboot
Source: CNN - 🏆 4. / 95 Read more »
Trump Faces 30+ Counts Relating to Business Fraud: CNNDonald Trump is set to face over 30 counts relating to business fraud in his history-making criminal indictment, according to CNN. He'll get a fine. According to CNN... Don’t cry for me, Argentina
Source: thedailybeast - 🏆 307. / 63 Read more »
Post-2008 reforms didn't solve the problem of 'too big to fail' banks | CNN BusinessRegulation introduced after the 2008 financial crisis was supposed to make bank bailouts a thing of the past. But its biggest test so far has revealed some serious shortcomings. We the people of the USA love to get dollar offers. We have a great $10,000 gift card giveaway coming up. So why are we missing it? Click the link below to confirm the offer before it expires!💵💝 The post-2008 regulations were indeed intended to prevent future bank bailouts, but recent events demonstrate their inadequacy. It's crucial to reevaluate and strengthen these measures to ensure financial stability and avoid burdening taxpayers.
Source: CNN - 🏆 4. / 95 Read more »
The average Wall Street bonus fell by 26% last year | CNN BusinessThe average annual Wall Street bonus fell to $176,700 last year, a 26% drop from the previous year's average of $240,400, according to estimates released Thursday by New York State Comptroller Thomas DiNapoli. Finally, some good news. Very sad. This is tragic. Whatever are they going to do? How will they survive? Ahhhhh poor babies .. that’s more than most Penske in a year do we feel sorry for them? No
Source: CNN - 🏆 4. / 95 Read more »
Hyundai and Kia theft trend has reached New York City | CNN BusinessSpikes in car thefts of certain Hyundai and Kia models, a trend that began in the American midwest and was spread by how-to videos on social media, has reached America's biggest city. Rochester is way worse Spread By The Far Right No Doubt Why live in the U.S., a country where there are many car thefts and thieves
Source: CNN - 🏆 4. / 95 Read more »