The revamped EV tax credit that was ushered in Tuesday when President Biden signed the Inflation Reduction Act, dramatically and immediately cuts the number of eligible EV and plug-in hybrid models. It also leaves a lot of room for interpretation on whether buyers for the rest of the 2022 calendar year might be able to claim it at all. But with... IRS: You can still buy an EV or PHEV in 2022 and claim tax credit—only if it’s American-made
The revamped EV tax credit that was ushered in Tuesday when President Biden signed the Inflation Reduction Act, dramatically and immediately cuts the number of eligible EV and plug-in hybrid models. It also leaves a lot of room for interpretation on whether buyers for the rest of the 2022 calendar year might be able to claim it at all. But with...