Fewer Electric Vehicles Qualify for Tax Credits Under New Rules

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Fewer Electric Vehicles Qualify for Tax Credits Under New Rules
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New rules taking effect on April 18 will reduce or cut tax credits for many electric vehicles in the United States. See the potential biases and similarities in reports from ap, dailycaller and ibtimes:

eliminated manufacturer's EV sales caps but imposed new conditions on EV credits, including income eligibility caps and a North American assembly requirement.the new rules"will lower costs for consumers, build a resilient industrial base and spur manufacturing in the U.S." Sen.

Joe Manchin said the Biden administration"continues to ignore the purpose" of the Inflation Reduction Act,"which is to bring manufacturing back to America and ensure we have reliable and secure supply chains."Left- and right-rated media framed the rules negatively, but on different grounds. Some right-rated outlets suggested the rules will enable foreign car manufacturers to overtake U.S. auto companies in the EV market.

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