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. According to Yahoo News , some other notable models that will be affected by these changes include most of Tesla’s lineup , as most of the company’s vehicles are currently sold above the $55,000 limit.
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