Stock prices of electric vehicle (EV) companies fell as much as 9% in Monday trading after the Senate all but killed U.S. President Joe Biden’s ‘Build Back Better’ bill, which included tax credits of up to $12,500 USD on the purchase of plug-in vehicles — reports CNBC. Startups were hit the hardest, with Lordstown Motors, […]
Prime Minister Justin Trudeau on Monday said that Canada would be willing to “align” its electric vehicle (EV) incentives with the tax credits proposed under U.S. President Joe Biden’s Build Back Better Act, provided that its southern neighbor expands those credits to Canadian-built vehicles — reports CTV News. President Biden’s bill proposes tax credits of up […]
After U.S. President Joe Biden unveiled his Build Back Better plan with a proposal to increase tax credits on zero-emission vehicles, the Build Back Better plan has officially passed the House. The U.S. House of Representatives passed President Joe Biden’s $1.9 trillion USD Build Back Better bill on Friday, according to CNET. The bill passed […]
