President Biden signs Inflation Reduction Act, cut EV tax incentives
Teslarati
AUGUST 16, 2022
According to manufacturers, roughly 70% of electric, PHEV, and fuel cell electric vehicles are no longer eligible for incentives. Even many of the more affordable EV offerings will no longer be eligible, including the Hyundai Kona EV, Kia Niro EV, Polestar 2, or the internationally-produced Volkswagon ID.4s.
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