Yet Another Update on the Federal Clean Vehicle Credit
The Inflation Reduction Act (IRA) signed into law by President Biden in August 2022 fundamentally changed the structure of the federal tax credit for electric vehicles (EVs). Now, we’ve learned that the U.S. Treasury is delaying implementation of one key piece of the IRA, which means more vehicle models than expected may be eligible for incentives for a short time at the beginning of 2023.