The House’s current Build Back Better plan calls for extending a $7,500 tax credit for the purchase of electric vehicles, and it includes an additional $4,500 credit for electric vehicles built in the U.S. by union labor. We provide an explainer of what is being proposed.
Dozens of electric cars and trucks still qualify for a federal tax credit of up to $7,500 for buyers purchasing new plug-in electric vehicles. President Joe Biden misleadingly claimed that the Trump administration allowed the tax credit to expire, which, so far, is only the case for purchases of models made by Tesla and General Motors.
In an hour-long, one-on-one interview after a self-described "shellacking" at the polls, President Barack Obama reflected on his first two years in office during an appearance on "60 Minutes." We found the president overstated his case on spending for veterans and the U.S. market share of electric car batteries. He also said U.S. workers are the world’s most productive, but that’s open to interpretation. He was correct, however, when he said the bank bailout will cost taxpayers less than the 1980s’