Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions.
But a complex web of requirements, including where vehicles and batteries must be manufactured to qualify, is casting doubt on whether anyone can receive the full $7,500 credit next year.
For at least the first two months of 2023, though, a delay in the Treasury Department’s rules for the new benefit will likely make the full credit temporarily available to consumers who meet certain income and price limits.
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The new law also provides a smaller credit for people who buy a used EV.
Certain EV brands that were eligible for a separate tax credit that began in 2010 and that will end this year may not be eligible for the new credit. Several EV models made by Kia, Hyundai and Audi, for example, won’t qualify at all because they are manufactured outside North America.
The new tax credit, which lasts until 2032, is intended to make zero-emission vehicles affordable to more people. Here is a closer look at it:
What’s new for 2023?
The credit of up to $7,500 will be offered to people who buy certain new electric vehicles as well as some plug-in gas-electric hybrids and hydrogen fuel cell vehicles. For people who buy a used vehicle that runs on battery power, a $4,000 credit will be available.
But the question of which vehicles and buyers will qualify for the credits is complicated and will remain uncertain until Treasury issues the proposed rules in March.
What’s known so far is that to qualify for the credit, new EVs must be made in North America. In addition, caps on vehicle prices and buyer incomes are intended to disqualify wealthier buyers.
Starting in March, complex provisions will also govern battery components. Forty percent of battery minerals will have to come from North America or a country with a U.S. free trade agreement or be recycled in North America. (That threshold will eventually go to 80%.)
And 50% of the battery parts will have to be made or assembled in North America, eventually rising to 100%.
Starting in 2025, battery minerals cannot come from a “foreign entity of concern,” mainly China and Russia. Battery parts cannot be sourced in those countries starting in 2024 — a troublesome obstacle for the auto industry because numerous EV metals and parts now come from China.
On a recent day in Riverside County, Lisseth, a Venezuelan immigrant, decorated a Christmas tree for her 11-year-old daughter, who adores the holiday and lives in the state of BolĂvar in eastern Venezuela. The 45-year-old mother of three hasn’t seen her children in nearly five years, but she’d just received news that U.S. immigration officials had approved her children’s applications to travel from Venezuela to join her permanently in the United States.
Perhaps they’d make it in time for Christmas.
“All I need now are my three angels by my side,” Lisseth told herself when she finished trimming the tree.
Lisseth says she has another guardian angel: Tim Jones, a retired Riverside schoolteacher and journalist who is sponsoring her and her family’s relocation to the United States.
On the same day, more than 1,500 miles away in Matamoros, Mexico, another Venezuelan immigrant, Kerlyn Mora, walked the streets in search of a warm blanket. Cold and wet from the relentless rain, she knocked on doors, begging strangers for whatever they could give.
The 43-year-old, who left her 16-year-old daughter with her father in Venezuela, had been stuck in the border town for more than a month after U.S. border officials removed her to Mexico despite her asylum plea.
“I hope I can find someone to give me something to keep me warm tonight,” she told herself. “I’m just so glad I didn’t bring my daughter to this.”
Lisseth and Mora both are fleeing Venezuela’s broken economy and authoritarian government. Both want to provide for their families. Both seek refuge in the U.S.
But on Oct. 12, two separate Biden immigration policies changed the trajectory of their lives and those of thousands of other Venezuelans seeking access to the U.S. under an immigration system that critics contend is largely arbitrary and favors those with greater personal means. While the Biden administration launched a parole program offering a new way for Venezuelans to enter the U.S. briefly, it paired that effort by expanding the use of a 1940s public health policy, Title 42, that has shut off asylum access to many immigrants — including soaring numbers of Venezuelans — without family connections or economic sponsorship in the U.S.
Title 42, which the Trump administration invoked during the COVID-19 pandemic, allows border agents to quickly remove migrants, ostensibly to safeguard U.S. public health. But it has outraged immigrant rights advocates, the ACLU and others who argue that it’s being kept in place for political rather than medical reasons. On Monday, U.S. Supreme Court Chief Justice John G. Roberts Jr. issued an order temporarily maintaining Title 42, which a trial judge had ordered to be ended this month.
Essential oils are becoming increasingly popular in the United States, and for good reason! These powerful plant extracts have a wealth of health benefits that can improve your life in a variety of ways. In this blog post, we will discuss the top 11 health benefits of essential oils. From improving mental clarity to boosting your immune system, these oils can help you live a healthier life! The most popular method is diffusing essential oils into the air, which allows you to inhale the beneficial vapors. You can also apply essential oils topically, or add them to your bathwater for a relaxing and rejuvenating experience. So, without further ado, let’s dive into the top 11 health benefits of essential oils! If you are feeling foggy-headed or struggling to concentrate, diffusing some rosemary or peppermint oil can help you feel more alert and focused. Immune System Support: Several essential oils, including oregano, clove, and eucalyptus oil, have powerful antibacteria...
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