EV tax credits just got totally revamped. Here's what car buyers need to know
CNN
The newly signed Inflation Reduction Act will have big implications for electric vehicle buyers. Some popular electric vehicles may become eligible for a tax credit once again, while other cars that were eligible this month will not be for the foreseeable future. Here's what you need to know as a consumer.
What changed?
The old credit offered $7,500 for new electric vehicle buyers until their automaker hit a 200,000 limit for available tax credits. Plug-in hybrid buyers received a smaller credit.
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