Inflation Reduction Act drastically cuts EV, plug-in hybrid models eligible for federal tax credit

2022 Kia EV6With President Biden signing the Inflation Reduction Act on Tuesday, time is nearly up to get your purchase paperwork completed for a new EV or plug-in hybrid and still earn the federal tax credit. While the revamped EV tax credit contained in the bill includes many top-level provisions that are likely to set the supply chain up for more...