The Internal Revenue Service (IRS) on Monday released an introduction for the full eligibility rules for the revamped federal EV tax credit, and it looks like automakers—as well as sellers—will have to submit a lot of reports. The Inflation Reduction Act (IRA) re-upped the $7,500 credit, but added new requirements for American assembly... IRS: 2023 EV tax credit needs reporting from automakers, sellers
The Internal Revenue Service (IRS) on Monday released an introduction for the full eligibility rules for the revamped federal EV tax credit, and it looks like automakers—as well as sellers—will have to submit a lot of reports. The Inflation Reduction Act (IRA) re-upped the $7,500 credit, but added new requirements for American assembly...