EXPLAINER: 2023 tax credits for EVs will boost their appeal
https://apnews.com/0bcaf3e97b14e69418e6c204e7208dc1
WASHINGTON (AP) — Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions.
But a complex web of requirements, including where vehicles and batteries must be manufactured to qualify, is casting doubt on whether anyone can receive the full $7,500 credit next year.
EXPLAINER: 2023 tax credits for EVs will boost their appeal
Dec 29, 2022, 4:35pm UTC
https://apnews.com/0bcaf3e97b14e69418e6c204e7208dc1
> WASHINGTON (AP) — Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions.
> But a complex web of requirements, including where vehicles and batteries must be manufactured to qualify, is casting doubt on whether anyone can receive the full $7,500 credit next year.