The Complexities of EV Tax Credits and Congressional Debates.
TL;DR Summary
American car buyers can get a $7,500 purchase tax credit from the federal government if they buy a qualifying electric vehicle. A loophole related to leasing makes it possible to capture that savings even for vehicles that don’t qualify.
- How to Get $7,500 Off an EV Even if It Doesn’t Qualify for IRS Tax Credits. Barron's
- Many Ultium-Based GM EVs Will Benefit From Full EV Tax Credit GM Authority
- IRS Issues Arcane Rules for EV Tax Credits Autoweek
- Editorial: Too few EVs eligible for new tax credit Los Angeles Times
- Why Congress Is Brawling Over Electric Vehicles The New Republic
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