Nissan seeks to make $7,500 electric vehicle tax credit more accessible to customers

0

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.

The Nissan Leaf electric car prototype on display during the press preview for Global Automotive Media North American International Auto Show at the Cobo Center on January 12, 2010 in Detroit, Michigan. (Bryan Mitchell/Getty Images/Getty Images)

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.

EU HITS US FOR INFLATION REDUCTION ACT TAX CREDIT FOR ELECTRIC VEHICLES REQUIRING FINAL ASSEMBLY IN NORTH AMERICA

“We are doing a thorough analysis right now,” he said without disclosing any further details.

A charging Nissan Leaf

This photo provided by Nissan shows the 2023 Nissan Leaf, a small electric sedan with an EPA-estimated range of up to 215 miles. (Jay K. McNally/Courtesy of Nissan North America via AP/AP Newsroom)

CALIFORNIA’S GAS CAR BAN WILL ALSO APPLY TO VIRGINIA DUE TO 2021 LAW

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.

An enlarged photo of a Nissan Leaf car

A Nissan Leaf electric car being charged in London. (John Walton/PA Images via Getty Images/Getty Images)

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.

CLICK HERE TO LEARN MORE ABOUT FOX BUSINESS

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.

Share.

Comments are closed.