Tax Credits Too Expensive? Feds resolve issues with the Cadillac Lyriq and Tesla Model Y
The United States government based its price and categorization requirements
on Corporate Average Fuel Economy, or CAFE standards, when it unveiled its new
regulations for tax credits for the purchase of a new electric car. This led to certain
SUV models being mistakenly categorised as sedans, which would have
rendered them too costly to be eligible for tax credits. Examples include the basic
Cadillac Lyriq and the two-row Tesla Model Y. The United States Department of the Treasury
has found a solution to this strange conundrum, and is now basing the federal EV tax credits
for this. Even if it isn't a Jeep, it is still much more competent than any other Vehicle in the entry-level class.