Which EVs qualify for the updated $7,500 federal tax credit?

Which EVs qualify for the updated $7,500 federal tax credit?

WASHINGTON (AP) — Fewer new electric vehicles will qualify for a full $7,500 federal tax credit later this year, and many will get only half that, under rules proposed Friday by the U.S. Treasury Department. The rules, required under last year's Inflation Reduction Act, are likely to slow consumer acceptance of electric vehicles and could delay President Joe Biden's ambitious goal that half of new passenger vehicles sold in the U.S. run on elect…

Buy Now? After April 18, Fewer EVs May Qualify for $7,500 Federal Tax Credit

The Treasury Department releases EV battery-sourcing requirements for those looking to get a tax credit, but the car you have your eye on may not get you as much cash come April 18.

Fewer EVs to qualify for $7,500 federal tax credit under new guidance

The US Treasury Department issued updated guidance today about which electric vehicles qualify for the federal $7,500 EV tax credit under the Inflation Reduction Act (IRA) that President Biden signed last year.

Most EVs Ineligible For Full $7,500 Tax Credit Under New Federal Rules

The latest guidelines regarding EV tax credits in the Inflation Reduction Act are finally available now that the U.S. Treasury Department published its overview of the subsidies. The new rules are reportedly going to make most EVs sold in the U.S. ineligible for tax credits, according to the New York Times, although…Read more...

Fewer EVs will qualify for the federal $7,500 tax credit under updated rules

Fewer EVs will qualify for the federal EV tax credit of $7,500 after the Treasury Department released updated rules pertaining to EV batteries and mineral sourcing.

Few EVs expected to qualify for tax credit under new IRS rules

The number of electric vehicles that qualify for a $7,500 federal tax credit is expected to decrease dramatically under long awaited guidance issued by the IRS.