Tesla shares rise 5.3% after approval of the new incentives
The US Senate yesterday passed the Inflation Reduction Act, a major tax, climate and health law, with an allocation of $433,000 million (424,172 million euros at current exchange rates) and including support of 7,500 dollars (7,347.1 euros) for the United States. buying an electric car. The condition for the aid is that the vehicles are produced in the United States and have no parts from China.
Over the next ten years, 369,000 million (€361,434 million) will be allocated to energy security and climate change with the aim of reducing energy costs, increasing clean production and reducing CO2 emissions by 40% by 2030.
This project provides support of USD 7,500 (EUR 7,347.1) per vehicle for the purchase of new electric vehicles, while aid for used electric vehicles amounts to USD 4,000 (EUR 3,917.9).
To qualify for these grants, vehicles must not exceed $55,000 (EUR 53,872) for passenger cars and $80,000 (EUR (78,362)) for vans and SUVs. In addition, the vehicles must be produced in the United States and from 2023, vehicles with batteries with Chinese components will not be able to receive the support.
After the approval of these incentives, Tesla shares are up 5.3%. Other North American manufacturers such as General Motors, Ford and Rivian have also noticed the rise in their shares on the stock exchange.
Source: La Verdad
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
