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New U.S. tax credit rules narrow the list of eligible EVs

DETROIT — Ten electric or plug-in hybrid vehicles will be eligible for a $7,500 U.S. tax credit, while another seven could get $3,750 under new federal rules that go into effect on Tuesday. But under the Treasury Department rules and other provisions of last year’s Inflation Reduction Act, most of
United States Chrysler Pacifica Jeff Schuster Joe Biden Treasury Department Inflation Reduction Act

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