President Biden signs Inflation Reduction Act, cut EV tax incentives
Teslarati
AUGUST 16, 2022
According to manufacturers, roughly 70% of electric, PHEV, and fuel cell electric vehicles are no longer eligible for incentives. Top-of-the-line Ford F-150 Lightnings will also no longer be eligible. Most cuts come from the bill’s requirement of US assembly and price limits for qualifying vehicles.
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