That’s because limitations on new tax credits enacted in August as part of the Inflation Reduction Act won’t be put into force all at once, the Treasury Department announced this week. That means the rules will, temporarily, be more generous, allowing higher tax credits on more electric vehicles, for the first few months of the new year.
They had previously been ineligible because, even though they’re built in North America – one of the requirements under the new rules – General Motors, Chevrolet’s parent company, and Tesla had long ago sold more than 200,000 plug-in vehicles. That was the limit for any given manufacturer under the outgoing tax credit requirements. New rules, enacted as part of the Inflation Reduction Act, do away with that limit, though.
Welcome to huobi global
Tax credits for the rich... thanks Joe
MansourDehmordeh is physically disabled. He was arrested on Oct.3 by IRGC. He's been accused of 'Corruption on earth'. He's also been under severe torture including electric shock. His nose and teeth also have been broken. IranRevolution .
MansourDehmordeh is physically disabled. He was arrested on Oct.3 by IRGC. He's been accused of 'Corruption on earth'. He's also been under severe torture including electric shock. His nose and teeth also have been broken. IranRevolution
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Reuters - 🏆 2. / 97 Read more »
Source: WSJ - 🏆 98. / 63 Read more »