EV tax credits
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As U.S. automakers pull back on plans to invest heavily in electric vehicles, claiming sales are not growing as fast as expected, the Treasury Department and Internal Revenue Service issued new guidelines on the federal tax credits for EVs that could further slow sales.
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The Biden administration will deliver long-awaited guidelines for the domestic content provisions of the Inflation Reduction Act’s electric vehicle tax credits.
Ford
The U.S. Treasury Dept. updated its IRA qualification guidelines to base vehicle classifications on the model information listed on the car’s price sticker.
EVgo
Consumers looking to cash in on the Inflation Reduction Act’s tax credits for electric vehicles may have to wait on the Treasury Department.
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