WASHINGTON — The U.S. Treasury Department on Friday said it has modified how it is classifying vehicles that are subject to price caps in the Inflation Reduction Act's tax credit for consumers buying ...

Auto industry warns of billion-rupee revenue loss if Range-Extended Electric Vehicles are reclassified as pure EVs ...

Consumers and automakers have succeeded in convincing the U.S. Treasury Department to reassess how it classifies electric vehicles for the purposes of applying tax credits. That means, for example, ...

I didn’t want to have to do this, but we need to talk. The levels of automation thought up by the Society of Automotive Engineers (SAE) are not what you think. It’s probably time that we let them go.

Feb. 3 (UPI) --The United States Treasury Department on Friday updated the vehicle classification standard, which is used to determine the Manufacturer Suggested Retail Price limitation and whether a ...

Previously, certain versions of Tesla’s crossover SUV, as well as several other EVs, were being classified as sedans and therefore weren’t eligible for the $7,500 credit. But now the Treasury is ...

A new set of guidelines regulating the classification of vintage vehicles will come into effect from 1 September, the Ministry for Transport, Infrastructure and Public Works has announced. All new ...

Cars entered for vintage vehicle classification will, from September 1, need to be inspected by officials of the Vintage Vehicles Classification Committee, and cars up to 50 years old already granted ...