The Changing Rules for the Electric Vehicle Tax Credit

The Changing Rules for the Electric Vehicle Tax Credit
A picture taken on September 5, 2020 shows the front of a "Tesla Model Y" car, an all-electric compact SUV by US electric car giant Tesla, during its presentation at the Automobile Club in Budapest. Photo by ATTILA KISBENEDEK/AFP via Getty Images
Tribune News Service
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By Kelley R. Taylor From Kiplinger’s Personal Finance

When the Inflation Reduction Act passed in 2022, it ushered in an electric vehicle tax credit worth up to $7,500.