New Tax Credit Requirements to Limit Qualified Electric Vehicles for Tax Breaks
Beginning April 18, a new set of requirements that qualify certain electric vehicles for tax credits are set to change. Cheddar News reporter Chloe Aiello talks a change in tax code and what Americans purchasing EVs can expect. "The bill also requires eligible vehicles to be assembled in North America, which Reuters reported, eliminates about 70 percent of EVs currently on the market," she said.
Christine Short, VP of Research at Wall Street Horizon, shares insights on small and big banks earnings, a fresh round of layoffs in the tech world, and what to expect from upcoming rate decisions.
More executives are feeling better about the global economy. But a growing number don’t think their companies will survive the coming decade without a major overhaul because of pressure from climate change and technology like artificial intelligence.
The International Olympic Committee has signed the first beer brand in the 40-year history of a sponsorship program that earns billions of dollars for the organization and international sports.
The latest calculations from several science agencies showing Earth obliterated global heat records last year may seem scary. But scientists worry that what’s behind those numbers could be even worse.
Along with the $122 million from delinquent millionaires in October, nearly half a billion dollars in back taxes from rich tax cheats has been collected.
Greg Moran, CEO of Zoomcar, joined Cheddar to talk about the growth of the car-sharing platform, the company's recent debut on the NASDAQ, and its continued work in emerging markets.
