The Clean Vehicle Credit Is A Confusing Mess
EV Adoption
JANUARY 2, 2023
Hailed as a huge win for auto manufacturers, car dealers, and consumers, the Clean Vehicle Credit (CVC) which is part of Inflation Reduction Act (IRA), at least for now is a confusing, hot mess for everyone involved. This cap in essence penalized those manufacturers that invested in EVs early, including Tesla and General Motors.
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