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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 ...
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...
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 ...
New provisions for electric cars and plug-in hybrids don't incentivize purchases so much as promote domestic production.
In addition, under the Inflation Reduction Act, buyers of used cars could receive a $4,000 credit. However, the sale price of the vehicle can’t exceed $25,000, according to the text of the bill ...
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.
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's Inflation Reduction Act, due to be signed into law on August 16, will have a major impact on electric vehicle tax credits -- including a restructuring of credits worth up to...