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Motor Vehicles Biden Administration Tax Credits

Jones Day

New Guidance on the Commercial EV Tax Credit

Jones Day on

In one of their final sets of guidance under President Biden, the Department of Treasury and the IRS released proposed regulations for the tax credit under Section 45W, which is available for purchasing electric vehicles for...more

BakerHostetler

Regulating Automotive Emissions:Part III - The Future of the Electric Vehicle Industry

BakerHostetler on

Under President Joe Biden’s Administration, multiple programs were created to invest in the necessary infrastructure and to support private development of the electric vehicle industry. Given the anticipated shift away from...more

Perkins Coie

IRS Clean Vehicle Tax Credit Rule Adds Hurdles for Domestic Electric Vehicle Manufacturing

Perkins Coie on

The Internal Revenue Service (IRS) published a final rule on May 6, 2024, defining eligibility requirements for the clean vehicle credit under Section 30D of the Internal Revenue Code, enacted by the Inflation Reduction Act...more

Morgan Lewis

The Ambitious Federal Plan to Support Electric Vehicles

Morgan Lewis on

Since President Biden took office, companies have invested nearly $85 billion in the manufacturing of electric vehicles (EVs), batteries, and EV chargers in the United States. This is triple the investment made in domestic EV...more

Mayer Brown

Tax Credits for Electric Vehicles: What’s Changed with the US IRA?

Mayer Brown on

President Biden signed the Inflation Reduction Act of 2022 (the “IRA”) into law on August 16, 2022. Among other things, the IRA expands the federal income tax credits available to promote the development and use of renewable...more

Foley & Lardner LLP

Electric Vehicles Continue to Roll Off The Assembly Line Even With Speedbumps Along The Way

Foley & Lardner LLP on

As consumers continue to display a growing appetite for the electric vehicle compared to their fossil fuel counterparts, manufacturers are starting to take notice. In 2021 alone, major OEMs and new-market entrants are...more

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