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81% of EVs Sold in 2023 Still Qualify for the Federal EV Tax Credit

EV Life

The Inflation Reduction Act of 2022 (IRA) introduced new guidelines for a federal EV tax credit aimed at helping qualified drivers purchase an electric vehicle. The tax credit is part of a broader plan to make 50% of new vehicles sold in the United States hybrids or plug-ins by 2030. dependence on China.

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Are You Plugged In?

Revenge of the Electric Car

Answer: Al Gore is an investor in Fisker through venture-capital firm Kleiner Perkins Caufield & Byers. All will qualify for a $7,500 federal tax credit. It is different from a plug-in hybrid, or PHEV, which runs on both battery power and gasoline. Connect the investor to the electric-vehicle developer: A.

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