House Democrats propose increasing electric vehicle tax credits to as much $12,500 per vehicle for union-made zero emission models assembled in the US - press
- EVs would continue to receive the existing $7,500 tax credit and would be eligible for another $4,500 for being assembled with union labor in the US, and an additional $500 for meeting US domestic content requirements including using battery cells manufactured in the US.
- Under the proposal, GM and Tesla would again be eligible for the EV tax credits after hitting the cap on existing $7,500 tax credits
- Electric pickup trucks would be eligible for the tax credit if they are priced under $74K
- House Ways and Means Committee will vote on the tax credits on Tuesday as part of the overall $3.5T spending bill