Automotive

Treasury makes more electric SUVs eligible for tax credits

The Treasury Department said Friday it is making more electric vehicles—including SUVs made by Tesla, Ford and General Motors—eligible for tax credits of up to $7,500 under new vehicle classification definitions.

Energy & Green Tech

EXPLAINER: 2023 tax credits for EVs will boost their appeal

Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse ...

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