EV tax credits are back — and bigger — in new Senate climate bill
Photo by Andrew Hawkins / The Verge Senator Joe Manchin has had a change of heart about electric vehicles.
The West Virginia Democrat, who previously described federal tax credits for EVs as ludicrous," announced a surprise deal with Senate Majority Leader Chuck Schumer on a reconciliation package that includes $369 billion for climate and energy measures aimed at slashing carbon emissions by 40 percent by 2030.
The bill would allow car buyers to continue to claim the current $7,500 federal tax credit for the purchase of clean vehicles" - the new preferred phrase describing plug-in hybrid, battery-electric, and hydrogen fuel cell vehicles, replacing the old phrase new qualified plug-in electric drive motor vehicle."
It would also remove the current 200,000 vehicle cap...