Tesla, GM buyers would get EV tax credits again under Democrats' climate bill
CNN
Under a new green energy bill agreed to by Democratic Sens. Chuck Schumer and Joe Manchin, automakers like Tesla and General Motors would regain the ability to offer federal tax credits to customers who buy their electric vehicles.
Hurdles to the bill's passage remain, but if it becomes law it could cut the price of electric cars for many Americans, which are relatively more expensive than gasoline vehicles, by reviving tax credits for some manufacturers' vehicles and introducing a new one as well.
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.