White House touts Amazon EVs, Google EV tax credit tool

FILE PHOTO: A general view of the White House in Washington, U.S., July 21, 2022. REUTERS/Kevin Lamarque

(Reuters) - The White House on Thursday highlighted new U.S. company moves to support electric vehicles (EVs), as final rules on tax credits aimed at boosting the industry are expected this week.

Amazon is rolling out the first 3,000 delivery vehicles it has acquired as part of a commitment to bring 100,000 vehicles to the road by 2030, the White House said, and First Student, a major supplier of school bus services, is pledging to replace 30,000 fossil fuel-powered school buses with electric buses by 2035.

The federal government will buy 13,000 light- and medium-duty zero emission vehicles this fiscal year, about four times more than last fiscal year, the White House said.

President Joe Biden has made electrifying the nation's vehicle fleet a core part of his climate change agenda, funneling millions of taxpayer dollars into new charging stations and tax credits for businesses and consumers.

On Friday, the administration is expected to release final rules on eligibility for $7,500 EV tax credits, including how much of the car's battery must come from U.S.-sourced parts.

Google will provide up-to-date information about the availability and coverage of tax credits across eligible passenger vehicles with a new search tool, the White House said.

Wells Fargo will also release a new tool to help businessess evaluate electric vehicle fleets by modeling deployment that incorporates the cost of electrification, tax credits, cost savings, and environmental benefits, the White House said.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Tech News

Will you be replaced by your AI clone? Maybe one day, but not quite yet
In crisis-hit Pakistan, rogue loan apps add to financial pain
Game, set and patch: When athletes put faith in dubious tech gizmos
Meta tells office workers to come in three days per week this fall
Majority of EU countries against network fee levy on Big Tech, sources say
YouTube to stop removing content making false claims on past elections
US court approves 'social casino' $415 million class settlement
Twitter's head of brand safety and ad quality to leave -source
In challenge to Meta, Apple expected to unveil mixed-reality headset
India's Tata Group signs $1.6 billion EV battery plant deal

Others Also Read