Federal tax credit for EVs will remain at $7,500

        Tax credit cap for automakers after they hit 200,000 EVs sold is eliminated, making GM, Tesla and Toyota once again eligible

        The language in the bill indicates that the tax credit would be implemented at the point of sale instead of on taxes at the end of the fiscal year

        In order to get the full credit, the EV must be assembled in North America, the majority of battery components need to come from North America, and contain a certain percentage of minerals from countries with free trade agreements with the US

    Includes a new federal tax credit of $4,000 for used EVs

    Includes zero-emission vans, SUVs, and trucks with MSRPs up to $80,000

    Electric sedans priced up to $55,000 MSRP also qualify

    The full electric vehicle tax credit will be available to individuals reporting adjusted gross incomes of $150,000 or less, or $300,000 for joint filers