Friday, 10 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Environment > Very Few People Will Benefit From the New EV Tax Credit. That is By Design.
Environment

Very Few People Will Benefit From the New EV Tax Credit. That is By Design.

Last updated: June 9, 2025 8:40 am
Share
Very Few People Will Benefit From the New EV Tax Credit. That is By Design.
SHARE

The Inflation Reduction Act (IRA) of 2022 aimed to accelerate the shift from gasoline vehicles to electric vehicles (EVs) by providing incentives to manufacturers to expand domestic EV battery and vehicle production. These incentives included tax credits to make EVs more affordable for consumers, helping offset the higher initial cost of purchasing an EV compared to a traditional gasoline vehicle. While EV drivers save money in the long run due to lower fuel costs, the upfront cost can be a barrier for many potential buyers. The tax credits provided a $7,500 credit for qualifying EVs with specific price caps and manufacturing location requirements.

However, proposed changes to the EV tax credit would revert to a previous restriction of 200,000 vehicles per manufacturer, potentially excluding many major automakers who have already exceeded this limit. This change could impact at least 85% of EV sales from 2010-2024, leaving only a handful of manufacturers eligible for the credit in 2026. This shift could penalize automakers like Ford, General Motors, and Stellantis, who have been leaders in EV manufacturing.

The proposed changes may also benefit certain automakers, such as Honda, who have not yet reached the 200,000 vehicle threshold for qualifying EV sales. The Honda Prologue, assembled by General Motors, would still qualify for the federal EV tax credit in 2026, despite Honda’s slower adoption of EV technology. This carve-out for Honda raises questions about rewarding industry laggards and the influence of industry lobbying on policy decisions.

Rivian, a newer EV manufacturer, may have a short window to take advantage of the EV tax credit, with the credit set to expire completely in 2027. Despite expectations that the 2026 R2 SUV model would meet eligibility requirements, the limited timeframe for the credit may impact Rivian’s ability to offer the incentive to buyers.

See also  Did climate change supercharge the 'once-in-a-lifetime' storm pummeling the central US?

Overall, the proposed changes to the EV tax credit have drawn criticism for potentially benefiting the oil industry, slowing EV deployment, limiting consumer choice, and hindering domestic investments in EV manufacturing. By effectively repealing the EV tax credit, with only one exception for a single automaker for one year, the policy change could have negative consequences for the EV market and the environment. Advocates urge Congress to reconsider these changes and prioritize policies that support the growth of the EV industry in the US.

TAGGED:benefitCreditDesignpeopletax
Share This Article
Twitter Email Copy Link Print
Previous Article Scientists Freeze Coral to Save The Great Barrier Reef : ScienceAlert Scientists Freeze Coral to Save The Great Barrier Reef : ScienceAlert
Next Article Warner Bros. Discovery stock pops as company confirms it will split into 2 companies Warner Bros. Discovery stock pops as company confirms it will split into 2 companies
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Behind Timberwolves’ decision to start Joe Ingles so his autistic son could see him play

The Minnesota Timberwolves found themselves in a unique and heartwarming situation before their game against…

March 22, 2025

The Meaning and Symbolism of the Guardian Angel Tattoo

A guardian angel tattoo serves as a compelling emblem of faith, protection, and spiritual awareness.…

September 25, 2025

BOJ warns US tariff uncertainty may hurt confidence, economy

The Bank of Japan policymakers are expressing concerns over the potential impact of U.S. President…

April 18, 2025

Ignorant Jane Fonda Tells Bill Maher She Has No Idea What Far Left Policies Are (VIDEO) |

Jane Fonda's Recent Appearance on Bill Maher's Podcast Sparks Controversy In a recent appearance on…

December 3, 2024

MSNBC Exposes Trump’s Latest Deflection Tactic In 1 Scathing Supercut After Another

Over the weekend, MSNBC took aim at President Donald Trump for his frequent use of…

May 13, 2025

You Might Also Like

People Really Hate the Philadelphia Art Museum Rebrand
Culture and Arts

People Really Hate the Philadelphia Art Museum Rebrand

October 10, 2025
I’m a Financial Advisor: People Always Regret Doing These 5 Things With Their Roth IRA
Economy

I’m a Financial Advisor: People Always Regret Doing These 5 Things With Their Roth IRA

October 10, 2025
The shutdown is poised to deepen hunger in America — just as the Trump administration stopped tracking it
Environment

The shutdown is poised to deepen hunger in America — just as the Trump administration stopped tracking it

October 10, 2025
New research shows there’s a simple way to protect workers. Is OSHA listening?
Environment

New research shows there’s a simple way to protect workers. Is OSHA listening?

October 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?