One of the more underreported aspects of the Inflation Reduction Act was a provision for a tax credit of up to $4,000 for buyers of certain used EVs. These tax credits come with a heap of restrictions — your adjusted gross income can’t be higher than $75,000 single, or $150,000 on a joint return; the […]
These Are the Ford, Jeep and Chrysler EVs That Will Still See Tax Credits in 2023
There are still a few Ford, Chrysler and Jeep models that come with federal EV tax credits, everyone in Washington is talking about free-trade deals and one battery manufacturer is beating Tesla to the race it started. All that and more in this edition of The Morning Shift for Thursday, April 6, 2023. New York […]
Most EVs Ineligible For $7,500 Tax Credit Under New IRA Rules
The latest guidelines regarding EV tax credits in the Inflation Reduction Act are finally available now that the U.S. Treasury Department published its overview of the subsidies. The new rules are reportedly going to make most EVs sold in the U.S. ineligible for tax credits, according to the New York Times, although the guidelines are […]