President Biden signs Inflation Reduction Act, cut EV tax incentives
Teslarati
AUGUST 16, 2022
President Joe Biden will sign the Inflation Reduction Act today, and the act will cut EV tax incentives with it. According to manufacturers, roughly 70% of electric, PHEV, and fuel cell electric vehicles are no longer eligible for incentives. Top-of-the-line Ford F-150 Lightnings will also no longer be eligible.
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