Biden’s Build Back Better bill passes House with changes to EV section

U.S. President Joe Biden’s Build Back Better bill, which includes an EV tax credit system, passed the House and heads to the Senate—but not without some changes to the EV tax credit. “The legislation includes a refundable EV tax credit for up to $12,500—a huge shift away from the currently non-refundable amount,” said CNET. That is up from $7,500, for qualifying cars and buyers. And, among other changes, Democrats increased the price cap for qualifying EVs. (Source: CNET) Read the original story…

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