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Biden Goes to Detroit to Celebrate EVs, But Few Would Qualify for His $7,500 Tax Credit

  • President highlighted domestic production at industry event
  • Most EVs at auto show would be ineligible for tax credits
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There’s a flashy electric car at seemingly every turn of the Detroit auto show. Much harder to find is a model that will actually qualify for new consumer incentives.

Fewer than a dozen of the EV and plug-in hybrid models among the hundreds of vehicles on display at the industry confab Wednesday would be eligible for tax credits of as much as $7,500, according to an analysis by Bloomberg. The perks, recently signed into law, are seen as essential to getting the average carbuyer to consider going electric.