Light-duty vehicles

Understanding the IRA for electric vehicles

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In case you are confused by the Inflation Reduction Act in the US and it’s implications for electric vehicle incentives, then you are not alone. It’s an evolving story, and the U.S. Treasury Department is making clarifications to help consumers understand what’s in it for them. The latest revised guidelines expand the list of vehicles which qualify for the $7,500 tax credits. Here’s a summary.

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Heavy-duty vehicles

Off-road vehicles and equipment

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