https://www.cnet.com/roadshow/news/e...p-trucks-suvs/
The main changes to the program when it was first announced earlier this year:
Remove the 200,000 vehicles per manufacturer cap
Keep the $7,500 incentive for new electric cars for 5 years
Make the $7,500 incentive a point-of-sale discount instead of tax credit
EVs with battery pack smaller than 40 kWh are limited to a $4,000 incentive
Add an additional $4,500 for EV assembled at union factories
Add another $500 for EVs using battery packs with 50% of components (including cells) are made in the US
After the first 5 years, the $7,500 becomes only for US-made electric vehicles and it applies for another 5 years.
They introduce price limits on the EVs eligible for the incentives:
Sedans under $55,000
SUVs under $69,000
Pickup trucks under $74,000
Vans under $54,000
They are also introducing caps on income to get access to the incentives, but they are fairly high at an adjusted gross income of up to $400,000 for individuals and up to $800,000 for joint filers.