Why the $7,500 EV tax credit may be tougher to get starting in March


Getting a $7,500 tax break for the purchase of a new electric vehicle will likely get harder in a few months — meaning prospective buyers who want the financial incentive may wish to speed up their timeline. The Inflation Reduction Act, a historic climate law President Biden signed in August, tweaked rules for an existing tax credit associated with the purchase of "clean"…

This story appeared on cnbc.com, 2023-01-25.
Read the Entire Internet on a Single Page. Join Now →