Subscribe to our newsletter
Fill out the form to subscribe to our mailing list and be on the lookout for events and news concerning electric mobility. Informing consumers and making known the artisans of this industry is at the heart of our concerns. Subscribe and stay informed on a range of topics that interest you!
Tuesday 18 April 2023
Fewer EV models become eligible for new tax credits up to $7,500
The Treasury Department has revealed which cars will be eligible for the new electric vehicle tax credits. Fewer models are eligible for the new subsidy than in previous years, but some of the most well-known EVs still qualify, according to the Monday announcement.
Under the new rule, consumers can get up to $7,500 back in tax credits on eligible cars.
Sixteen new models and some of their variations are eligible for all or half of the new credit, while nine models — mostly foreign-made vehicles — are no longer eligible, for now.
Read the whole story on cnn.com