Democrats Revise Bill To Allow $12,500 EV Tax Credit On Vehicles Up To $80,000

House Democrats released a revised bill on Wednesday that expands a proposed tax credit of up to $12,500 for electric vehicles to slightly pricier vehicles, while lowering income limits for eligible buyers.

The bill revises pricing for vehicles eligible for the credit: vans, sport utility vehicles and trucks up to $80,000 are eligible, while sedans remain at $55,000 as they were under the prior version.

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