© Reuters. FILE PHOTO: A Volkswagen brand is seen at a building completion occasion of SAIC Volkswagen MEB electrical car plant in Shanghai, China November 8, 2019. REUTERS/Aly Tune/File Picture/File Picture
BERLIN (Reuters) – Volkswagen (ETR:)’s U.S.-assembled ID.4 fashions will probably be eligible for a $7,500 tax credit score this 12 months, in accordance with the German carmaker, after new U.S. Treasury necessities on battery sourcing got here into impact this week.
Volkswagen added that it was the one worldwide carmaker to have a full battery-electric car eligible for the total credit score.
The US Treasury mentioned on Monday that quite a few automakers together with VW didn’t qualify for the credit score, however the German carmaker mentioned on the time it was optimistic the documentation it had submitted to show the ID.4’s eligibility can be authorised.
