In the United States, they want to charge a new tax on EVs of 1,000 dollars

Recently, legislation has been introduced that could change the landscape of the tax credit for electric vehicles (EV) in the United States.

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Senator John Barrasso of Wyoming, accompanied by 14 Republican senators, introduced a bill that could end this $7,500 tax credit, although the initial actions of the bill do not immediately affect buyers’ ability to claim it. If the legislation is approved, it could take effect 30 days after its enactment.

This tax credit is not a single benefit, but is broken down into three types: the credit for new electric vehicles, the credit for used clean vehicles, and the credit for clean commercial vehicles, as also suggested by the controversial changes regarding the interpretation of the law concerning leasing.

Goodbye to credit and hello to a new tax

One of the most debated points is the “leasing loophole,” which allows captive credit companies of automobile manufacturers to claim the tax credit for each leased EV, regardless of the price or place of assembly of the vehicle.

To access the credit of up to $7,500 per purchase, buyers must meet certain income requirements and the vehicle must be assembled in the U.S., in addition to meeting specific battery criteria and a maximum price of $55,000 to $80,000, depending on the type of vehicle.

The oil industry has expressed its support for the elimination of this tax credit, arguing that it is necessary for EVs to compete on equal terms. At the same time, a bill has been introduced that proposes a $1,000 tax on the sale of EVs for road use, despite the fact that EVs, according to the Department of Energy, travel on average 12% fewer miles than gasoline vehicles.

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With these changes, it is expected that the availability and viability of tax credits for electric vehicles will be affected, which could impact both consumers and the automotive industry in general.