Uncle Sam wants you to buy an electric vehicle. And he’s willing to throw $7,500 your way to make it happen … if you and the model you want both qualify.
The tax credits for purchasing electric vehicles (EVs) got a major overhaul on Jan. 1. EV tax credits have been around for years, but they were redesigned as part of President Biden’s massive climate bill signed into law last year. And in the process, they got complicated. Really complicated.
And to add to the confusion, a car that’s eligible now might get zilch come March, when the rules may change again.
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