President Biden signs Inflation Reduction Act, cut EV tax incentives
Teslarati
AUGUST 16, 2022
President Biden is expected to the Inflation Reduction Act that radically changes electric vehicle incentives at the federal level in the US. Most cuts come from the bill’s requirement of US assembly and price limits for qualifying vehicles. Top-of-the-line Ford F-150 Lightnings will also no longer be eligible.
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