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.
Amazon is being sued by U.S. regulators and and 17 states over allegations that the company abuses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition.
President Joe Biden grabbed a bullhorn on the picket line Tuesday and urged striking auto workers to “stick with it” in an unparalleled show of support for organized labor by a modern president.
The confidence of American consumers slipped this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period.
