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How do the EV tax credits work?

It used to be simple. There was a $7,500 federal tax credit for the purchase of an EV. The only complication was that it only applied to approximately the first 200,000 vehicles from a manufacturer. But with the nex tax credits in the Inflation Reduction Act of 2022, it has become a lot more complicated.

We will provide more details once the rules are actually finalized, but for now we recommend this article from Electrek.

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