The US Treasury Department today announced its expected EV tax credit guidance on the battery component and critical mineral sourcing requirements of the Inflation Reduction Act, changing the availability of EV tax credits in the US, with the net effect of reducing tax credit amounts for many vehicles purchased on April 18 or later.
Update: some manufacturers have issued statements about which cars will and won’t qualify for the full credit, we will append updates the end of the post below as we get more information.
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