Mercedes CEO: Alabama-made EVs too expensive to qualify for tax credit

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Mercedes CEO: Alabama-made EVs too expensive to qualify for tax credit
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Mercedes-Benz’s CEO says the two electric SUVs produced in Alabama aren’t eligible for America’s updated electric vehicle tax credit rules.

The EQS SUV is currently on sale in the US, with prices starting at $104,400, while the EQE starting price is in the mid-$80Ks. The EQB base prices start in the mid-$50Ks.

“If political leaders make that a priority and are also willing to spend government money on that, that can be very helpful,” Källenius said. “If there are protectionistic side effects, that is unwelcome. To peel back and go into perhaps a more protectionistic direction would stifle that economic growth and would not be good for export-oriented economies and companies like ourselves.

Källenius spent five years in positions at the Vance factory in the 90s, and then returned in 2009 to serve as president and CEO for a year at Mercedes-Benz US International. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.

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