SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Tesla EVs - TSLA
TSLA 238.11-1.1%3:59 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Sr K8/8/2022 10:14:27 PM
  Read Replies (1) of 20073
 
Tesla, EV Makers Stand to Get Billions for Factories From Senate Bill

Industry says new manufacturing requirements and income limits could jeopardize $7,500 tax credit for many buyers

Ford’s Rouge Electric Vehicle Center in Dearborn, Mich. The company’s Lightning EV pickup has a starting price around $40,000.PHOTO: REBECCA COOK/REUTERS

By Mike Colias

Aug. 8, 2022 6:14 pm ET

SHARE

Listen to article

(7 minutes)

The Senate climate bill passed over the weekend offers billions of dollars for electric-vehicle and battery factories, and includes rules that the auto industry says will make it tougher for some consumers to qualify for EV tax breaks.

The bill, which passed 51-50 on Sunday, sets aside more than $15 billion to retool factories and build new ones, according to industry groups. The measure aims to help traditional auto makers, startups and suppliers as they grow their facilities to collectively roll out dozens of EV models in the next couple of years.

Exc.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext