Build Back Better bill could stall in Senate for months, delaying extended EV tax credit
More recent rebuilding bill passed by the House of Representatives could be stuck in the Senate for months, NBC reported Wednesday, potentially delaying an extended EV tax credit.
Senate Democrats are preparing to kick off the Build Better Again bill through 2022 because leadership does not believe it has enough votes to pass, the report said, citing four sources. anonymously familiar with planning in the office of Senate Majority Leader Chuck Schumer.
As with many other recent bills, Senator Joe Manchin (DW.Va.) is expected to stay in place and still need some negotiating on Senate version of the bill, According to the report table.
2022 Chevrolet Bolt EUV
The bill’s EV highlight is a Tax credit up to $12,500 As for vehicles made domestically at joint factories, something the White House said in October would pass Congress.
Automakers present in union block states spoke out against bonuses are made by unions, while United Auto workers and environmental groups gathered for it.
And Tesla CEO Elon Musk said earlier this month that the government should be a referee, not a player on the field. Tesla has benefited from substantial government subsidies in the past, and Musk’s SpaceX relies heavily on government contracts.
2022 Chevrolet Bolt EUV and EV start production
Musk also advised possibly voting in full and not through extending the tax credit – although that would benefit Tesla. The automaker is no longer eligible for the current EV tax credit, but may qualify for some (at least for certain vehicle types) under the proposed improvement.
As Politico outline, the EV credit itself also faces some procedural hurdles – potentially related to budget. It’s also important to note that the Chevrolet Bolt EV and the related Bolt EUV are the only models currently eligible for the alliance-driven award.
Meanwhile, Canada is considering steps to align its electric vehicle credits with the United States. Prime Minister Justin Trudeau believes this will help resolve the trade dispute, as the Canadian government views the extended US tax credit as equivalent to tariffs on Canadian-made vehicles, Reuters second report.
