EVs eligible for $7,500 US tax credit cut to 13 from about 24

EVs eligible for $7,500 US tax credit cut to 13 from about 24

10 months ago
Anonymous $oNW8tt9dEO

https://www.eastbaytimes.com/2024/01/02/electric-car-models-eligible-for-7500-us-tax-credit-cut-to-13/

The number of electric vehicle models eligible for a popular $7,500 consumer tax credit fell sharply as new rules from the Biden administration kicked in Jan. 1.

Narrower criteria reduced the number of qualifying models to 13 from about two dozen, according to federal data from fueleconomy.gov. The new rules exclude from the tax credit vehicles that use battery components made by Chinese manufacturers.