In a favorable government move revealed on Friday, several EVs qualify for a tax credit of $7,500. In the latest breaking news today, the rules were amended by the Treasury Department to classify the vehicles as subject to certain price caps. The vehicle subsidy rules are modified under the inflation reduction act, favoring the auto industry in the US. According to a communiqué from the department, SUVs and more electric crossovers, which were not eligible for tax credits previously, are now eligible for the $7,500 vehicle subsidy program. It is…
Read MoreAutomakers are ecstatic that more EVs are now eligible for a $7,500 tax credit.
