BY parvathi warrier

The US Senate's Climate Change Bill - What Does This Entail For EVs?

A bill was passed this Sunday by one of the leading governmental bodies...

US Senate/Pinterest

THE US SENATE

Involving the taxing of electric vehicles, sporting the reason for the bill as...

US Senate/Pinterest

CLIMATE CHANGE

SO WHAT IS THIS BILL AND HOW DOES IT AFFECT THE SALES OF EVS

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The US Senate passed this bill calling for money towards climate change...

Climate Change/Pinterest

$430 Billion

TOTAL MONEY

But this bill drew sharp criticism from major electric vehicle manufacturers...

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The bill had a tax system for electric vehicles that was restructured

Electric Cars/Pinterest

The tax system keeps the federal tax incentive of $7500, extended until 2032 

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Apart from this, the bill details upon the sourcing of the battery and location of assembly

Climate Change/Pinterest

But automakers insist that this will delay the current targets for the sales of EVs