A new bill can take in the United States, which will help develop the electric car market in the country since the new president Joe Biden puts the goal to the United States to overtake China in the manufacture and sales of electrocautery.
If new legislation is accepted, it will directly affect the income of such companies as General Motors (GM), Ford (F), TESLA (TSLA), Workhorse Group (WKHS), and others.
The Financial Committee of the US Senate This week put forward the bill “net energy for America,” which aims to solve problems to reduce CO2 emissions and create hundreds of thousands of well-paid jobs in the United States in the field of environmentally friendly energy.
This bill adopted by Debbie, Democrat Senator, provides:
Return to Americans of one-time tax breaks for $ 7,500 to purchase a new electric vehicle, the price of which is less than $ 80 thousand.
The bill cancels restrictions on paying tax benefits of $ 7,700 for car buyers from manufacturers who have reached sales in 200 thousand electric vehicles.
GENERAL MOTORS and TESLA today have passed the line of 200 thousand sold electric cars. Buyers from the US pay the total cost for their vehicles without benefits.
This tax benefit of $ 7,700 increases by $ 2500 on electric vehicles collected in the United States and another $ 2500 on the model built at the factory, whose employees are members or represented by the trade union.
Thus, the highest tax benefit of $ 12500 will receive customers of the electric vehicles of General Motors. Their plants in the United States, and employees – members of the trade union.
Tesla workers in trade unions, so the amount of tax breaks is minor, namely $ 10,000 for models for $ 80 thousand, it eliminates, for example, expensive versions of Model S.
Ford currently produces its electric SUV MUSTANG MACH-E in Mexico, but new electric pickups F-150 Lightning plans to have at the US plant.
The critical point is that these tax breaks are limited to three years and will when 25% of the car sold in the United States will be electrical and canceled when 50% of sales of passenger cars in the United States will be electric vehicles.
However, it is unlikely to happen soon, given the recent study of IHS Markit, which suggests that in 2020, the share of registration of fully electric vehicles in the United States (hybrid cars from the report) reached the market share of 1.8%.
The bill “net energy for America” also includes a 30% tax discount for manufacturers for refurbishment or the construction of new plants for the production of electric vehicles, as well as batteries and semiconductors for them.
