In the United States, purchasing an electric vehicle has become appealing for several reasons. Significant savings on general maintenance and the cost of refueling the tank weekly, or even more frequently depending on the car’s usage, are some of the factors that highlight the benefits of zero-emission vehicles.
In this context, the U.S. Senate has approved a measure that has been in the works for several months, incentivizing the purchase and acquisition of new electric vehicles. Those interested in bringing such a model home will enjoy a tax credit of up to $7,500.
All of this is aimed at electrifying and improving mobility as part of the strategies used to reduce carbon dioxide emissions, with electric vehicles playing a significant role in this sector.
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Tax Incentive Details
The bill that includes the tax incentive for electric vehicles is part of a broader legislative package that expands on President Joe Biden’s sustainable policies, which include approximately $370 billion in climate and energy spending.
However, to qualify for this benefit, certain criteria must be met by vehicle manufacturers. These vehicles must contain components or minerals extracted or processed in the United States and include a battery with a significant portion of its materials manufactured in the country.
In this way, these plans contribute to the adoption of electric cars through this discount, significantly lowering the final cost and supporting vehicle manufacturing companies by purchasing models with most of their materials sourced in the United States.
“These policies will ensure that the U.S. builds the leading technologies of the 21st century here at home and will allow us to win the global race for clean transportation,” stated the Zero Emission Transportation Association in a press release.
