IRS updates IRA EV tax credit guidance, new rules apply April 18
The IRS has updated its guidance relating to the Inflation Reduction Act’s (IRA) tax credit that applies to electric vehicles, with new rules coming into effect on April 18. The IRA’s $7,500 tax credit helps encourage companies to build EVs in the United States, and also incentivizes local sourcing of battery components, aiming to reduce […]
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