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With the passage of the Inflation Reduction Act (IRA) in August 2022, the federal EV tax credit went through
a significant change.
While buyers can still claim up to $7,500, the qualifications for both the vehicle and buyer
are quite different.
For example, the new law requires a significant percentage of vehicle components to be sourced
domestically or from U.S. "free trade" partners.
You can reach out to our Help Desk for any questions you have regarding the new tax credit or for any other questions about EVs, or check out the updated tax credit information:
2023 Federal Tax Credit Information
