WASHINGTON — With implementation of the Inflation Reduction Act's electric vehicle tax credits underway, the incoming chairman of the American International Automobile Dealers Association wants to make sure international nameplate dealers are treated fairly.
"We don't want to see them picking winners and losers in the market. We want to see them implement it fairly, so everybody has a level playing field," said Mike DeSilva, owner of Liberty Auto Group, a three-store dealership group that sells vehicles from Genesis, Hyundai, Kia and Subaru.
The tax credit for consumers purchasing new EVs sets eligibility restrictions on vehicle sticker price, buyer income, final assembly location and EV battery sourcing, making it harder for some international automakers to meet the requirements in the near term.