WASHINGTON — Common Motors stated Friday it desires the U.S. Treasury to rethink classification of GM’s electrical Cadillac Lyriq to permit it to qualify for federal tax credit.

The Treasury and Inside Income Service didn’t classify the Lyriq as an SUV, that means its retail value can’t be above $55,000 to qualify for as much as $7,500 in federal tax credit for electrical automobiles. The Lyriq, which Automotive Information classifies as a midsize crossover, at the moment begins at $62,990. SUVs may be priced at as much as $80,000 to qualify, whereas automobiles, sedans and wagons can solely be priced at as much as $55,000.

“We’re addressing these considerations with Treasury and hope that forthcoming steerage on car classifications will present the wanted readability to shoppers and sellers, in addition to regulators and producers,” GM informed Reuters Friday.

U.S. Vitality Secretary Jennifer Granholm stated at CES late Friday that her company is engaged on tax classification challenge with Treasury.

“We’re working in a really interlocked manner. Our of us and their of us are speaking on a regular basis,” Granholm informed Automotive Information following her CES handle. “Our coverage workplace is working immediately with Treasury to make it possible for this steerage is out and it is knowledgeable by stakeholders.”

GM stated Treasury ought to use standards and processes just like the EPA and Vitality Division. “This drives consistency throughout current federal coverage and readability for shoppers.”