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UPDATE: On April 19, the Treasury department added the Volkswagen ID.4 to the list of vehicles qualifying for the full $7,500 tax credit. On April 18, 2023, the number of battery electric vehicles (BEVs) and plug-in hybrid...
Read MoreAndy Koblenz, NADA executive vice president of legal and regulatory affairs, is an industry expert on the clean vehicle tax credits included in the Inflation Reduction Act (IRA), an opaque and complex group of provisions...
Read MoreTreasury Department regulations that take effect Tuesday will sharply limit the availability of federal incentives intended to persuade motorists to give up their gas-guzzlers. Americans can purchase 91 models of electric cars...
Read MoreEffective Tuesday, April 18, the universe of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) eligible for an Internal Revenue Code (IRC) Section 30D tax credit will shrink considerably, as will the...
Read MoreThe EV tax credit is about to get a major overhaul. This month, new guidance from the US Treasury Department about how much of a vehicle’s battery and critical minerals must be sourced from the US goes into effect, greatly...
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