US Treasury Makes More Tesla, Ford, GM EVs Eligible For Tax Credits via insideevs.com
Why didn't the Treasury classify these models as SUVs in the first place? Well, the department initially used Environmental Protection Agency CAFE standards to determine whether a vehicle was a car or SUV for EV tax credit purposes.
Now, the Treasury has announced it will use the"consumer-facing EPA Fuel Economy Labeling standard," adding that"this change will allow crossover vehicles that share similar features to be treated consistently.
Tesla CEO Elon Musk described the EV tax rules as"messed up" in a tweet last month, referring specifically to the fact the while the seven-seat Model Y was. He reportedly raised the issue with White House officials during a meeting last week, according toAlliance for Automotive Innovation CEO John Bozzella said the Treasury's decision is"very good" as it"clears up some EV tax credit confusion and instantly helps customers shopping ... for an electric crossover or SUV."
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