BMW, Volkswagen, others may not benefit from $7,500 tax credit  – US

The United States Treasury on Monday said new regulations for battery sourcing will cause several electric vehicle models, including those made by Volkswagen, BMW, Nissan, Rivian, Hyundai, and Volvo Cars, to lose access to a $7,500 tax credit. The regulations which require automakers to use domestically made battery cells if they want to claim the […]