Stock Market News

Volkswagen: US-made ID.4 models eligible for full tax credit

2023.04.20 04:44


© Reuters. FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. REUTERS/Aly Song/File Photo/File Photo

BERLIN (Reuters) – Volkswagen (ETR:)’s U.S.-assembled ID.4 models will be eligible for a $7,500 tax credit this year, according to the German carmaker, after new U.S. Treasury requirements on battery sourcing came into effect this week.

Volkswagen added that it was the only international carmaker to have a full battery-electric vehicle eligible for the full credit.

The US Treasury said on Monday that numerous automakers including VW did not qualify for the credit, but the German carmaker said at the time it was optimistic the documentation it had submitted to prove the ID.4’s eligibility would be approved.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,622.42 0.14%
ethereum
Ethereum (ETH) $ 3,449.67 3.22%
tether
Tether (USDT) $ 1.00 0.14%
solana
Solana (SOL) $ 259.07 1.01%
bnb
BNB (BNB) $ 662.57 2.60%
xrp
XRP (XRP) $ 1.49 5.81%
dogecoin
Dogecoin (DOGE) $ 0.450646 10.55%
usd-coin
USDC (USDC) $ 1.00 0.10%
cardano
Cardano (ADA) $ 1.08 2.12%
staked-ether
Lido Staked Ether (STETH) $ 3,449.65 3.27%
tron
TRON (TRX) $ 0.215106 3.17%
avalanche-2
Avalanche (AVAX) $ 42.66 3.60%
the-open-network
Toncoin (TON) $ 6.49 16.77%
shiba-inu
Shiba Inu (SHIB) $ 0.000027 8.23%
stellar
Stellar (XLM) $ 0.536392 20.16%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,067.83 2.63%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,165.30 0.24%
polkadot
Polkadot (DOT) $ 9.36 31.84%
chainlink
Chainlink (LINK) $ 17.97 6.01%
bitcoin-cash
Bitcoin Cash (BCH) $ 519.70 5.67%
sui
Sui (SUI) $ 3.55 0.08%
weth
WETH (WETH) $ 3,451.06 3.15%
pepe
Pepe (PEPE) $ 0.000021 4.96%
leo-token
LEO Token (LEO) $ 8.63 1.58%
near
NEAR Protocol (NEAR) $ 6.50 3.65%
litecoin
Litecoin (LTC) $ 101.41 0.20%
aptos
Aptos (APT) $ 13.28 4.81%
uniswap
Uniswap (UNI) $ 10.99 7.31%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,628.04 2.99%
hedera-hashgraph
Hedera (HBAR) $ 0.154574 6.50%
internet-computer
Internet Computer (ICP) $ 11.76 3.42%
crypto-com-chain
Cronos (CRO) $ 0.201332 6.18%
usds
USDS (USDS) $ 1.00 1.02%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.588878 11.71%
ethereum-classic
Ethereum Classic (ETC) $ 30.31 1.84%
render-token
Render (RENDER) $ 8.02 3.59%
bittensor
Bittensor (TAO) $ 537.32 1.41%
kaspa
Kaspa (KAS) $ 0.156145 0.33%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.49 12.36%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.09%
bonk
Bonk (BONK) $ 0.000049 1.81%
arbitrum
Arbitrum (ARB) $ 0.887416 6.54%
whitebit
WhiteBIT Coin (WBT) $ 24.83 0.85%
vechain
VeChain (VET) $ 0.043663 12.50%
dai
Dai (DAI) $ 1.00 0.13%
cosmos
Cosmos Hub (ATOM) $ 8.92 11.68%
filecoin
Filecoin (FIL) $ 5.69 12.75%
dogwifcoin
dogwifhat (WIF) $ 3.39 5.47%
mantra-dao
MANTRA (OM) $ 3.72 3.34%
blockstack
Stacks (STX) $ 2.12 3.08%