Democratic government of the president Joe Biden It pursues a strong protectionist policy linked to production Electric and plug-in carsMore specifically related to Origin of raw materials and components; As of today, April 18, 2023, the US Treasury Department has issuedVehicle list Who will be able to access the equivalent of state incentives.
In order to access these privileges, you are endorsed byInflation Reduction ActIt will be necessary to purchase one of the cars shown in the list, many of whose models are excluded from European, Japanese, Korean, and even some American brands, among which we find Volkswagen, BMW, Volvo, Nissan, Hyundai, and Rivian. .
The incentive system created by the Biden government allows access to a Incentives up to $7,500broken down as follows: The first half, $3,750, is available to anyone who purchases a 100% plug-in electric or hybrid vehicle that has at least 40% critical materials Mined or processed in the United States or in a country with, or which has a free trade agreement 100% materials from the battery coming from Recycling Which takes place in North America – so Canada is also valid. The second stimulus payment, $3,750, is awarded if at least 50% of the value of the battery components It is sourced from or assembled in North America.
These percentages will gradually increase 40 and 50% until reaching80% for critical materials 2027and the 100% of plug-in 2029. All this has an additional limit, which is the list price: for SUVs and vans, values cannot be exceeded $80,000while for sedans you have to stay under $55,000.
Among the models that can reach the maximum credit limit of $7,500 are there Tesla Model 3 offers and Y model On AWD, LR and Performance versions, Ford F-150 Lightning, Chevrolet Bolt, Cadillac Lyric, Lincoln Aviator Grand Touring and more; In the list of cars that can only access partial credit, we find Jeep Wrangler And Grand Cherokee In the 4XE plug-in hybrid version, the Ford Mustang Mach-Eand Tesla Model 3 Standard Range, and more. Models like the Volkswagen ID.4, Rivian R1S and R1T, and Nissan Leaf are still completely out of American incentives.
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