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New EV Tax Credit Changes Could Make More Vehicles Eligible
The U.S. government has finalized rules regarding the $7,500 clean vehicle tax credit. The changes are technical, but could result in more electric vehicles being eligible for tax credits. The U.S. Department of Treasury, the Internal Revenue Service, and the Department of Energy have revealed the final rules for the clean vehicle tax credit. It’s valued at up to $7,500 but the exact number depends on a variety of complicated factors. One of the big changes is a new test for calculating the...