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Japanese EV models no longer qualify for US tax incentives NHK

The models of US automakers dominate a list of electric vehicles that qualify for US "clean vehicle" tax credits under a new set of rules.

The revised measure puts Japanese and many other non-US car manufacturers at a disadvantage in one of the world's biggest auto markets.

Officials in Washington announced the list of qualifying models on Monday. Most are produced by General Motors, Ford and Tesla.

The credit system of up to 7,500 dollars was created last year and came into effect on Tuesday. It applies to purchases of EVs that undergo final assembly in North America.
Eligible models must also meet other requirements related to the production of their batteries and procurement of key minerals.

Japanese makers expect to face tougher competition under the new rules. Nissan Motor's Leaf was qualified for a tax incentive until Tuesday.

A Nissan official says the Leaf is assembled in its Tennessee plant. But the company has yet to prove that the model meets the conditions on battery components and minerals.

The official says Nissan hopes the vehicle will be eligible for at least some of the tax incentives.
Summary
US electric vehicles produced by General Motors, Ford, and Tesla dominate the list of qualifying models for "clean vehicle" tax credits under new rules. These rules disadvantage Japanese and many non-US car manufacturers. The credit system offers up to $7,500 on eligible EV purchases assembled in
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ID: 6e9bf80b-f45c-4b4f-a208-3c0b70915011

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20230418_27/

Date: April 18, 2023

Created: 2023/04/18 18:56

Updated: 2025/12/09 04:54

Last Read: 2023/04/19 07:40