Winners and losers as the EV tax credit rules change for 2025

Quick Summary:

27 EVs now qualify for the tax credit, up from 24 in 2024.

While the latter three have no domestic EV production they're trying to sell in the US, that obviously does not apply to China, which heavily subsidizes its domestic car makers to allow them to export their vehicles at rock bottom prices to undermine local industry in other regions.

Last year, this threshold was 50 percent; next year, it will increase to 70 percent.

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Article Details

Author / Journalist: Jonathan M. Gitlin

Category: Technology

Markets: United StatesChinaNorth Korea

Topics: Cars IRS clean vehicle tax credit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 15:30:04 (19 hours ago)

News Timezone: GMT -5:00

News Source URL: arstechnica.com

Language: English

Article Length: 262 words

Reading Time: 2 minutes read

Sentences: 35 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Ars Technica

News ID: 25006120

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