How to qualify for the proposed $12,500 tax credit that discounts union-made electric vehicles priced up to $74,000 and gives financial aid to drivers earning as much as $400,000

Today congress is expected to review a controversial new tax credit plan designed to convert 50% of drivers from internal combustion to electric propulsion by 2030.

Massive discounts could be on the way for electric vehicles purchased in the United States. Car buyers planning to buy an electric vehicle who earn less than $400,000 should not complete a transaction until the proposed electric vehicle tax credit is finalized. The savings could be substantial and will make it even more complicated to decide which electric vehicle to buy. The bill is expected to be reviewed today and would provide up to $12,500 off a new electric vehicle. Below is a breakdown of what the current proposal includes and which car buyers would qualify for the incentive:

Vehicle	Proposed Credit	Purchase Price & Eligibility
New Union-made Electric Vehicles	up to $12,500	Electric Cars up to $55,000 – Chevrolet Bolt for Sale Electric SUVs up to $69,000 – Ford Mach-E for Sale Electric Trucks up to $74,000 – All the best electric trucks you need to watch in 2021
New Non union-made Electric Vehicles	up to $7,500	Electric Cars up to $55,000 – BMW I3 for Sale Electric SUVs up to $69,000 – Audi E-Tron Sportback for Sale Electric Trucks up to $74,000 – All the best electric trucks you need to watch in 2021
Used Electric Vehicles	up to $2,500	– Tesla Model 3 for Sale
Battery made in USA	additional $500	–
New Electric Bicycles	up to $1,500 available every 3 years per individual	up to $8,000

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