If the bill passes in its current form, it will also ... and the IRS will determine which vehicles meet the criteria. • There’s no vehicle sales cap on tax credits that made EVs and plug ...

Boudette Sales of electric vehicles ... to extend the tax credit and wall it off from doctrinaire whiplash,” said Erik Gordon, a business professor at the University of Michigan who follows ...

A Michigan group is speaking out after a top congressional leader's comment that lawmakers will most likely scrap the $7,500 federal tax credit for buying ... hybrid or electric vehicles will be more ...

The west Michigan Republican introduced a bill to allow a tax deduction on American-assembled vehicles, a proposal Trump made on the campaign trail.

Congress could create billions of dollars in new revenue if it were to cut Biden-era electric vehicle (EV) tax-credits, a forthcoming report from the Institute for Energy Research (IER) shows.

Some dealers might not have reported EV sales ... their 2024 tax returns, it's apparent that mistakes can be made when it comes to claiming the credit on Form 8936 for clean vehicle purchases ...

Not every vehicle was eligible for the tax credit to begin ... experts say sales continue to go up, and according to the Department of Energy, Michigan gas consumption has gradually declined ...

Republicans are eager to slash electric vehicle tax ... the credits not only on environmental grounds but also as a way to stay ahead of the global competition. Battery-powered vehicle sales ...

Michigan Governor Gretchen Whitmer signed legislation (Michigan House Bill No. 5100) establishing a research and development tax credit (the “Michigan R&D Tax Credit”) in Michigan effective ...

Michigan will bring back a research-and-development tax credit for businesses and launch a new fund to foster startup companies under bills signed into law by Gov. Gretchen Whitmer on Monday.