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Tesla shares jump as US lawmakers begin push to expand EV tax credits – CNBC

Reuters reported, and CNBC confirmed, that the “bill dubbed the “Driving America Forward Act” would grant each automaker a $7,000 tax credit for an additional 400,000 vehicles on top of the existing 200,000 vehicles eligible for $7,500 tax credits. It would shorten the phase-out schedule to nine months.”

Tesla shares jump as US lawmakers begin push to expand EV tax credits
CNBC

The bill could be a boon for the growing electric vehicle market. The existing $7,500 tax credit for buyers of EVs phases out over 15 months once an automaker sells 200,000 electric cars. Read the full story

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