For new vehicles, the manufacturer’s suggested retail price for sedans would need to be below $55,000 to be eligible for the tax credit. For SUVs, trucks and vans, that price cap would be $80,000.

Literal tax cuts for the rich.

The trendy thing now is "crossover SUVs" like the Tesla model Y performance model, which starts at $70k, and comes to almost $80k with upgrades.

So the US taxpayer is giving $7,500 to everyone who buys an $80,000 electric SUV.

This is tax cuts for the rich.