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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. Critical minerals. or in a country with which the U.S

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The Best Electric SUVs on the Market

EV Life

The federal tax credit, defined under the Inflation Reduction Act , provides tax rebates of up to $7,500 toward the purchase of an electric vehicle, and there are many state and local programs that offer additional incentives for electric vehicle purchases, retiring old gas guzzlers, installing home chargers, and more. But guess what?

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