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  • Treasury’s EV tax credit guidance delayed until March
    Automotive

    Treasury’s EV tax credit guidance delayed until March

    December 20, 2022 /

    WASHINGTON — The U.S. Treasury Office on Monday explained it will situation proposed assistance for the essential mineral and battery ingredient needs in March, successfully delaying all those eligibility limits in the $7,500 tax credit for new electric cars. Below the not long ago signed Inflation Reduction Act, the section was required to issue proposed guidance by Dec. 31 that will even further outline how to meet the revamped EV tax credit’s eligibility principles, which are designed to incentivize domestic EV generation, cut down reliance on overseas provide chains and prevent wealthy buyers from receiving a price reduction. As an alternative, Treasury explained it will launch information and facts right…

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    Francis McGee Comments Off on Treasury’s EV tax credit guidance delayed until March

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