Democrats Massively Screw Up Electric Vehicle Tax Credits, Harm the Environment

The Democrat's "Inflation Reduction Act" actually drastically cuts the availability of federal tax credits for electric vehicles (EVs), effectively eliminating them for all new EVs.

There are 72 EV models currently available for purchase in the United States including battery, plug-in hybrid and fuel cell electric vehicles. Seventy percent of those EVs would immediately become ineligible when the bill passes and none would qualify for the full credit when additional sourcing requirements go into effect [2023].  Zero.

The $7,500 credit might exist on paper, but no vehicles will qualify for this purchase incentive over the next few years

John Bozzella, Alliance for Automotive Innovation

What if No EVs Qualify for the EV Tax Credit?

Also see If you want an electric car, buy one this week