Possible U.S. EV Rebate Details:

1. Starts after December 31, 2021

2. MSRP can’t exceed $55k for sedans, $64k for vans, $69k for SUVs, and $74k for pickup trucks.

3. Must have battery no less than 40kWh until Jan 1, 2027 and 50kWh after.

4. Rebate phases out after $400k individual gross income or $800k joint.

5. Point-of-sale rebate.

6. Lasts until Dec 31, 2031.

7. Appears to voted on in Ways and Means Committee next week.

8. Part of $3.5T reconciliation bill that hasn’t been finalized or voted on yet.

9. $7500 rebate for EVs

10. $4500 if final assembly done at facility in U.S. which operates under a union-negotiated collective bargaining agreement

11. $500 additional credit if 50% or more parts made in U.S. and battery cells made in U.S.

More details: https://waysandmeans.house.gov/sites/democrats.waysandmeans.house.gov/files/documents/Section%20by%20Section%20Subtitle%20F%2C%20G%2C%20H%2C%20%26%20J.pdf

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