To Get the EV Tax Credit, You Will Now Have to Buy an American Brand
Car buyers looking to get a tax break on a new electric vehicle will now confront an even narrower set of options and have to buy from a U.S. brand.
The U.S. Treasury Department released its latest list Monday, detailing which plug-in models qualify for a federal tax credit that has been popular with consumers under new and much stricter requirements adopted by the Inflation Reduction Act.
Car buyers looking to get a tax break on a new electric vehicle will now confront an even narrower set of options and have to buy from a U.S. brand.
The U.S. Treasury Department released its latest list Monday, detailing which plug-in models qualify for a federal tax credit that has been popular with consumers under new and much stricter requirements adopted by the Inflation Reduction Act.
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