81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit
EV Life
MAY 19, 2023
The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. Applicants can receive a non-refundable tax credit of up to $7,500 on the purchase of any of the eligible vehicles listed under the IRA. Critical minerals. Battery components.
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