The Made in America provision continues the $7,500 tax credit for EV purchases through 2026—importantly eliminating a cap affecting General Motors (ticker: GM) and Tesla (TSLA). But an additional $2,500 credit is added for cars assembled in the U.S., and another $2,500 credit is added for cars built with unionized labor.
GM, essentially, goes from $0 purchase incentives to $12,500 per vehicle. A new Ford (F) F-150 electric pickup truck suddenly starts at about $27,500 with incentives, instead of $40,000. And Tesla gets a $10,000 per-car incentive, more than the $7,500 tax credit it received earlier in its existence.
The Made in America provision continues the $7,500 tax credit for EV purchases through 2026—importantly eliminating a cap affecting General Motors (ticker: GM) and Tesla (TSLA). But an additional $2,500 credit is added for cars assembled in the U.S., and another $2,500 credit is added for cars built with unionized labor.
GM, essentially, goes from $0 purchase incentives to $12,500 per vehicle. A new Ford (F) F-150 electric pickup truck suddenly starts at about $27,500 with incentives, instead of $40,000. And Tesla gets a $10,000 per-car incentive, more than the $7,500 tax credit it received earlier in its existence.
From https://www.barrons.com/articles/tesla-gets-a-big-boost-in-w...