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Top Due News
Electric Vehicles · United StatesGovernment tax credits for electric vehicles expired Oct. 1 after Congress voted to end the program years ahead of schedule.The program, intended to boost production of electric vehicles made in the U.S., awarded $7,500 tax credits to individuals making less than $150,000 a year, or couples filing jointly who made up to $300,000 a year. The credits were expanded in 2022 under a Democratic-controlled Congress and signed by President Joe Biden.The…See the Story
EV Buyers Lose $7,500 Tax Break; Automakers Offer Workarounds
70% Center coverage: 10 sources
