Tesla (TSLA) and other electric vehicle (EV) makers got a boost after the Treasury Department expanded the kind of EVs that are eligible for 澳洲幸运5官方开奖结果体彩网:federal tax credits.

The department indicated it will change the way it determines which EVs meet the price limits to qualify. Under the 澳洲幸运5官方开奖结果体彩网:Inflation Reduction Act signed into law last year, cars, sedans, and wagons couldn't cost more than $55,000, while SUVs, vans, and pickup trucks could be as high as $80,000.

Under the new guidelines, vehicles such as the Tesla Model Y, General Motors' (GM) Cadillac Lyriq, and the Ford (F) Mustang Mach-E would now be measured by the higher price standard. The department explained the decision was de♔signed "to make it easier for consumers to🐭 know which vehicles qualify" under the cap.

Industry Wanted Revision

Carmakers had pushed for the change. Tesla CEO 澳洲幸运5官方开奖结果体彩网:Elon Musk called the standards "Messed up!" in a tweet in January. It's reported that he brought up the issue when he recent🀅ly met with White House officials.

The department aꦐdded that the ruling affects buyers who purchased and placed in service v💙ehicles since Jan 1.