{"id":5581,"date":"2021-03-31T19:58:45","date_gmt":"2021-03-31T23:58:45","guid":{"rendered":"https:\/\/evglobe.com\/?p=5581"},"modified":"2021-03-31T19:58:45","modified_gmt":"2021-03-31T23:58:45","slug":"bidens-new-plan-calls-for-electric-vehicles-rebates-and-500000-charging-stations","status":"publish","type":"post","link":"https:\/\/evglobe.com\/2021\/03\/31\/bidens-new-plan-calls-for-electric-vehicles-rebates-and-500000-charging-stations\/","title":{"rendered":"Biden’s new plan calls for electric vehicles rebates and 500,000 charging stations"},"content":{"rendered":"
President Joe Biden will soon unveil a $2 trillion infrastructure plan which will also include a series of provisions for the electric vehicles market. The new plan calls for point-of-sale rebates when buying a new electric vehicle. Furthermore, President Biden is looking at the U.S. market to get 500,000 charging stations. Naturally, the point-of-sale rebates are a big deal since it’s an instant rebate, instead of a tax deduction at the end of the year.\u00a0There is no indication whether the instant rebates are in addition to the current $7,500 tax credit.<\/p>\n
For now, the EV plan has a major caveat: the rebates will apply only to American-made electric vehicles. So a European brand without a U.S. factory might not be able to take advantage of those rebates. But it appears that a foreign automaker building an electric car in the US would still qualify.<\/p>\n