Nissan Motor Co. is looking to make an aggressive effort to help customers take advantage of a new US law that offers up to $7,500 in tax credits for the purchase of an electric vehicle.
Under the Cut Inflation Act of 2022, which President Joe Biden signed into law last month, a tax credit is made available for qualifying electric vehicles that are assembled in North America.
The Nissan Leaf, the company’s signature electric car, is among those produced by Nissan that qualify under the law, but it must contain a battery made in North America to qualify for the tax credit – a requirement that encourages new change.
Sustainability director Joji Tagawa told a group of reporters on Thursday that Nissan was looking to make the necessary changes to take advantage of the law.
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“We are doing a thorough analysis right now,” he said without disclosing any further details.
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Nissan has stated its intention to make its operations and producers cleaner and safer for the environment, as well as to make changes to its supply, production and sales.
The Yokohama-based company, which is allied with French automaker Renault, first introduced the Leaf in 2010, which launched its campaign for zero-emission all-electric vehicles. More than 600,000 Leaf electric cars have been sold worldwide.
The Inflation Reduction Act amended the Qualified Plug-in Electric Motor Vehicle Credit (IRC 30D), now known as the Clean Vehicle Credit, and came into effect on August 26, 2022.
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Nissan’s Leaf competes with Tesla models, as well as the Ford F Series electric pickup, BMW X5 and plug-in hybrid Jeep Wrangler, all of which are eligible for the tax credit.
The Associated Press contributed to this report.