Tesla (TSLA) and other electric vehicle (EV) makers got a boost after the Treasury Department expanded the kind of EVs that are eligible for 澳洲幸运5开奖号码历史查询:federal tax credits.

The department indicated it will change the way it determines which EVs meet the price limits to qualify. Under the 澳洲幸运5开奖号码历史查询:Inflation Reduction Act signed into law last year, cars, sedans, and wagons couldn't cost more than $55,000, while SUVs, vans, and pickup trucks could be as high as $80,000.

Under the new guidelines, vehicles such as the Tesla Model Y, General Motors' (GM) Cadillac Lyriq, and the Ford (F) Mustang Mach-E would now be measured by the higher price standard. Th🌼e department explained the decision was designed "to make it easier for consumers to know which vehicles qualify" under the cap.

Industry Wanted Revision

Carmakers had pushed for the change. Tesla CEO 澳洲幸运5开奖号码历史查询:Elon Musk called the standards "Messed up!" in a tweet in January. It's reported that🐽 he brought up the issue when he recently met with White Hou🐟se officials.

The department added that the ওruling affects buyers who purchased and placed in serꦑvice vehicles since Jan 1.