Categories: News

Audi says U.S. EV buyers will lose tax credit under legislation

Audi of America said Friday that buyers of its electric vehicles will lose access to federal tax credits of up to $7,500 once President Joe Biden signs a $430 billion climate, health and tax measure.

The Volkswagen AG unit said only the Audi plug-in hybrid electric will retain its existing federal credit through the rest of the year. Audi said the legislation set to be approved by the U.S. House of Representatives on Friday “will have consequential impact on our business and to our consumers.”

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Agency Desk

Recent Posts

Bilt 2.0 Cards Launch: How to Activate Your New Card?

Bilt has launched its new Bilt 2.0 credit cards. Cardholders who received their new card…

1 day ago

What Is Rove Miles? A Simple Guide to the New Travel Loyalty Program

Rove Miles is a new travel loyalty program launched in 2025. It lets users earn…

1 day ago

ContactMeCard Digital Business Card: Special Features Explained

ContactMeCard offers a smart digital business card with NFC and QR sharing, no app needed,…

1 day ago

How to Activate Your Bank of Hawaii Card Online in Simple Steps

Activating your Bank of Hawaii card online is simple. Visit the official activation page, enter…

2 days ago

GE Profile Dishwasher Not Working? Easy Troubleshooting Guide

If your GE Profile dishwasher stops working, simple checks like power supply, clogged filters, spray…

3 days ago

Step-by-Step Guide to Activate Your ENT Debit Card Online

To activate your ENT debit card online, register for online banking, log in at ent.com,…

4 days ago