President Biden signs Inflation Reduction Act, cut EV tax incentives
Teslarati
AUGUST 16, 2022
President Joe Biden will sign the Inflation Reduction Act today, and the act will cut EV tax incentives with it. President Biden is expected to the Inflation Reduction Act that radically changes electric vehicle incentives at the federal level in the US. These rules severely limit the number of vehicles that qualify for the incentives.
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