Stock Groups

U.S. Democrats’ plan boosts EV tax credit eligibility to pricier trucks, SUVs -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: An electric car is charging at University of California Irvine’s parking lot January 26, 2015. REUTERS/Lucy Nicholson/File Photograph

WASHINGTON (Reuters] – The U.S. House Democrats published a revised bill Wednesday. This increases the proposed tax credit for electric cars up to $12,500, and reduces income limit for qualified buyers.

This bill changes the pricing of vehicles that are eligible for credit. Vans, trucks, and sport utility vehicles up to $80,000 are all eligible. Sedans will remain the same price as before, at $55,000.

Credits were limited to $64,000 for vans, $69,000 in SUVs, and $74,000 per pickup truck under the earlier version.

A new proposal restricts the EV tax credit for individuals who have adjusted gross incomes less than $250,000. Joint filers can claim $500,000, but only $400,000, and joint filers $800,000.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this website’s data including quotes, charts, or buy/sell signal information. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]