How New Eligibility Criteria for the Electric Vehicle Tax Credit Affects You
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DECEMBER 15, 2023
Starting in 2024 , to reinforce America’s supply chain security, a clean vehicle must not incorporate any battery components produced or assembled by a Foreign Entity of Concern (FEOC). The affected models include the Audi Q5 TFSI e Quattro PHEV, BMW 330e sedan, BMW X5 xDrive45e SUV, Genesis GV70 Electrified SUV, and Volvo S60 PHEV.
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