EV tax credit

As an incentive to encourage the use of more energy-efficient automobiles and reduce dependency on fossil fuels, the IRS provides a tax credit for purchasing an electric vehicle. Electric vehicles have no emissions, which aids in the…

On April 18, the Treasury published amended instructions regarding battery components. The US Treasury Department has announced new guidelines for the EV tax credit that dramatically restrict the number of vehicles eligible for the…

With the first formal guidelines on which cars qualify for subsidies anticipated this week, lawmakers on both sides are examining how the Biden administration handles new EV tax credit. Legislators from both parties are looking at how…