US Electric Vehicle Tax Credits Get Tougher to Navigate

US Electric Vehicle Tax Credits Get Tougher to Navigate
A Hyundai Ioniq battery electric vehicle being charged, in a file photo. Christopher Furlong/Getty Images
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Claiming a tax credit for your electric vehicle may soon get more complicated.

The Treasury Department and the Internal Revenue Service (IRS) issued the proposed guidance on March 31. It’s a result of provisions in last year’s Schumer-Manchin bill, which some call the “Inflation Reduction Act” (IRA).
Nathan Worcester
Nathan Worcester
Author
Nathan Worcester is an award-winning journalist for The Epoch Times based in Washington, D.C. He frequently covers Capitol Hill, elections, and the ideas that shape our times. He has also written about energy and the environment. Nathan can be reached at [email protected]
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