

Electric Vehicle Credit Undergoes Major Overhaul
Article Highlights: Assembly Requirement August 15 Deadline Transition Rule The New Law Income Limit Manufacturer's Suggested Retail Price Limitation New Vehicle Definition Transfer of Credit to the Dealer Credit for Used Vehicles With the recent passage of the Inflation Reduction Act of 2022, the electric vehicle credit has undergone some major changes. Although most of the changes take effect in 2023, to qualify for the current credit, vehicles purchased after August 15, 20