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OEMs want to extend EV subsidies, this includes major automakers like General Motors, Ford, Toyota and Stellantis who want U.S. lawmakers to expand the eligibility window $7,500 tax credit for consumer electric vehicle purchases.


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Reuters reports that the automakers sent a joint letter to members of Congress, hoping they would lift a limit that cuts the tax credit after an OEM reached 200,000 units sold. GM and Tesla have reached that limit.

President Joe Biden has floated the idea to increase tax credits with additional incentives for union-made vehicles from U.S. assembly plants.



Article Credit to ADAPT Automotive.


What do you think of governments offering tax credits to incentives motorists to transition to electric vehicles? Do you think it will be enough to convince the public to embrace electric vehicles? Let us know in the comments below. Also, if you found our content informative, do like it and share it with your friends.



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