See the EVs eligible for tax credits – and why most aren’t

Electric Vehicle Parking

The Associated Press

DETROIT (AP) – Ten electric or plug-in hybrid vehicles will be eligible for a $7,500 U.S. tax credit, while another seven could get $3,750 under new federal rules that go into effect on Tuesday.

But under the Treasury Department rules and other provisions of last year’s Inflation Reduction Act, most of the more than 60 electric or plug-in hybrids on sale in the U.S. won’t get any tax credits.

The new rules govern how much battery minerals and parts can come from countries that don’t have free trade agreements with the U.S.

They bumped nine vehicles off the eligibility list that was effective Jan. 1.

Read the full story on AP News right here.

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4/17/2023 12:44:49 PM (GMT -5:00)

Categories: Regional and US News