THE INFLATION REDUCTION ACT AND THE NEW REQUIREMENT TO QUALIFY FOR THE CLEAN VEHICLE TAX CREDIT
The Inflation Reduction Act of 2022 (IRA) that was signed into law on August 16, 2022, included $13 billion for electric vehicle incentives. The IRA amended the Qualified Plug-in Electric Drive Motor Vehicle Credit, now known as the Clean Vehicle Credit, and added a new requirement for final assembly in North America that took effect Read More…