Tax credit articles
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US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits
The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs eligible for credits of up to $7,500. The Treasury Department announced final regulations for the credits under the 2022 Inflation Reduction Act on Friday, giving automakers more time to comply with some provisions about where battery minerals can come from.
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IRS issues final guidance for IRA’s clean energy tax credit transferability mechanism
“It is difficult to overstate the significance of today’s announcement for the clean energy market,” said American Council on Renewable Energy President and CEO Ray Long.
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Tesla price cut: Model Y undercuts Model 3 by $5,000 with tax credit
Tesla on Saturday once again cut prices on several of its models for the U.S. market, as part of around-the-world price cuts. Given the cuts, anyone considering the Model 3 and Model Y in the U.S. may want to take a fresh look at the numbers. The base price of the Model Y rear-wheel drive has dropped $2,000 versus last week, to $44,630, while the