New York Democratic Rep. Alexandria Ocasio-Cortez suggested that the federal tax credits available for electric vehicles should be expanded to cover electric bicycles.
The Democrats’ Inflation Reduction Act, which passed last year, includes a tax credit of up to $7,500 for EV sedans under a retail price of $55,000 and SUVs under $80,000 that took effect Jan. 1.
Democrats have argued that the tax credits would help Americans afford electric vehicles. Ocasio-Cortez, a member of the House Oversight and Government Reform Committee, was asked if she thinks the $80,000 cap for electric SUVs to qualify for the tax credit is too […]
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