Friday, December 8, 2023

The US has applied the most logic to help buy electric cars

Yes, we all know that at some point in our lives we have an electric car in our garage. Sooner or later, that moment will come, but now, reality shows that the transition is much slower than it should be. Help is available for encourage purchase, but even so, many drivers cannot access the electric car because of the price or, sometimes, too slow to receive the bonuses. The United States recently introduced a measure that could be key to expanding sales of electric vehicles.

We all know the MOVES III Plan, initiated by the Spanish Government. According to him, those drivers who want to launch themselves in the electric market have the support of the system with significant official discounts, up to 7,000 euros in the case of electric cars and up to 5,000 in the case of plugs – in hybrids. Although this help is important to encourage sales, drivers have to deal with a complex and slow bureaucracy that, in many cases, ends in the rejection of sales. The process is necessary fast and, above all, direct to really influence sales.

Pick-ups are included in the list of vehicles eligible to receive government assistance.

This is the new aid to the United States, simplifying the process is key

On average, the buyer of an electric car in Spain expects eight months to receive assistance from the State. There are cases of waiting two years. The problem is that drivers have to pay taxes for assistance that, in many cases, they have not received. The latest step is to include a bonus of up to 15% of personal income tax. The industry has been calling for more direct measures for some time without causing more headaches for sellers and customers. This proposal This is the one that was recently killed in the United States.

The government of Joe Biden only approved direct assistance for the purchase of electric vehicles. That is, the customer receives the discount at the dealership itself when paying for the car. You don’t have to wait months and months for returns to be made. Strong, effective and, most importantly, clear. The driver knows what he will pay for his car without having to make calculations or guess how much assistance he will receive. Dealers and manufacturers received the measure with great satisfaction. Sales are expected to be boosted by discounts up to $7,500.

Apparently, like Spain, the American Government has set conditions to receive the maximum benefit for the purchase. Not all vehicles may qualify for official assistance. Sedans should be less than $55,000while pick-ups raise the base rate to $80,000. Used cars can also be selected, but those that do not exceed the barrier of $25,000. Family income and the number of family members will also be considered.

the IRA Law It was implemented after the pandemic to stimulate the electricity market. From the beginning, it has been questioned for being too protectionist of local manufacturers. Eligible electric cars must have at least one battery capacity 7 kWh and, above all, its final assembly must take place in the United States. This represents a small blow for Chinese brands that have been attacked by various regulations implemented around the world. Europe also wants to join this strategy.

World Nation News Desk
World Nation News Desk
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news