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What You Need To Know About the $7,500 EV Tax Credit

The new EV federal tax credit of up to $7,500 can be complicated. Here's what you should know. A new federal EV tax credit for 2023 is here, thanks to the Inflation Reduction Act (IRA) — massive tax and climate legislation promoting clean energy. The credit of up to $7,500 for certain electric vehicles, called “clean vehicles,” is supposed to encourage more people to use EVs. However, a year has passed since the IRA was enacted, and there are still many questions about ...
South Korea United States Janet Yellen Department Of Transportation Environmental Protection Agency Fuel Economy Labeling Standard
Source: yahoo.com

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