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As of January 1st, 2023, a bunch of electric vehicles became newly eligible for the $7,500 tax credit, which passed into law as part of the $430 billion Inflation Reduction Act a year ago.
Some models new to the list had lost their eligibility when their manufacturer hit the previous credit’s sales cap of 200,000 vehicles (Tesla models, Chevy Bolts). Others have recently shifted their production to North America, meeting one of the crucial requirements (VW ID.4).
There’s still a lot in the air right now — the Treasury Department has set a March deadline for releasing guidance on some of the thornier issues surrounding battery material sourcing and other rules that could drastically reduce the…
Source: TheVerge
