Automakers fear 2023 EV tax credits may confuse car buyers
When is an SUV not an SUV? It depends on who you’re asking — and it’s a question consumers interested in the newly expanded clean vehicle tax credit should look at carefully, since it’s the IRS that decides whether or not the cars they just bought will qualify. The answer may not be as simple as it seems.
The Inflation Reduction Act, the tax, climate and health care law enacted last year, includes a key tax credits for new (up to $7,500) and used (up to $4,000) clean vehicle purchases. To meet the requirements for the tax credit, vehicles in
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