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Inflation Reduction Act – How It Supercharges the Electric Vehicle Industry

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Department of Energy’s Alternative Fuels Data Center , “The Inflation Reduction Act of 2022 ( Public Law 117-169 ) amends the Qualified Plug-in Electric Drive Motor Vehicle Credit ( IRC 30D ), now known as the Clean Vehicle Credit, and adds a new requirement for final assembly in North America that takes effect on August 16, 2022 ” .