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Recent updates: The Inflation Reduction Act of 2022 changed the requirements for EV tax credits, including where EV batteries are made. These changes apply to vehicles placed in service from Jan ...
Signed into law by President Biden in Aug. 2022, the Inflation Reduction Act authorized tax credits for new and used electric vehicles. Although stricter rules have significantly excluded many new ...
The Inflation Reduction Act that passed last month offers thousands of dollars in tax credits to Americans who buy electric vehicles or make clean energy upgrades to their homes. However, parsing...
The Inflation Reduction Act of 2022 (IRA) is a United States federal law which aims to reduce the federal government budget deficit, lower prescription drug prices, and invest in domestic energy production while promoting clean energy. It was passed by the 117th United States Congress and signed into law by President Joe Biden on August 16, 2022.
Tucked inside the massive Inflation Reduction Act of 2022 that was signed into law in August is a complex set of requirements around which EVs and other clean vehicles do and do not qualify for a ...
The U.S. Treasury Department on Friday issued new guidance on how a $7,500 electric vehicle tax credit can be used as a point-of-sale rebate starting in January. Currently, consumers can only take ...
President Joe Biden signed the Inflation Reduction Act into law on Aug. 16, sweeping legislation which addresses climate, energy and healthcare issues. One of the provisions of the act is to ...
Under President Biden’s Inflation Reduction Act of 2022, fully electric, plug-in hybrid and fuel cell electric vehicles purchased new in 2023 or after may be eligible for a federal income tax ...