Treasury Secretary Janet Yellen says rules proposed by her department will help consumers save money on electric vehicles while strengthening U.S. energy and national security.
An electric vehicle is plugged into a charger in Los Angeles, Thursday, Aug. 25, 2022. Fewer new electric vehicles will qualify for a full $7,500 federal tax credit later this year, and many will get only half that under rules proposed Friday, March 30, 2023, by the U.S. Treasury Department. The rules are required under last year’s Inflation Reduction Act.
An electric vehicle is plugged into a charger in Los Angeles, Thursday, Aug. 25, 2022. Fewer new electric vehicles will qualify for a full $7,500 federal tax credit later this year, and many will get only half that under rules proposed Friday, March 30, 2023, by the U.S. Treasury Department. The rules are required under last year’s Inflation Reduction Act.
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