"The bill says individual taxpayers must have an adjusted gross income of no more than $400,000 to get the new EV tax credit. It would limit the EV credit to cars priced at no more than $55,000, while trucks could be priced up to $74,000.Didn't they already propose changes to the bill that would cap the value of vehicles to like 40k or something like that?
But those limits may face pushback.
Last month, the Senate in a non-binding amendment narrowly voted in favour of prohibiting taxpayers from claiming EV tax credits if they make more than $100,000 annually or if vehicles cost more than $40,000."
U.S. Democrats propose dramatic expansion of EV tax credits that favors Big Three
U.S. Democratic lawmakers on Friday proposed an expansion of tax credits for electric vehicles that includes significantly higher subsidies for union-made zero emission models assembled in the United States.
www.reuters.com