As July wound to a close, Democrats in Congress reached a surprise deal with foot-dragging Senator Joe Manchin on a massive bill called the Inflation Reduction Act of 2022 which aims to, among other things, help fight climate change. If it passes, the act will make some noteworthy changes to the $7,500 federal EV tax credit. The changes could help manufacturers like Tesla, Toyota and GM, who have seen their tax credits expire under the current regime. But the
The Hummer EV SUT’s cheapest EV2 version arrives in Spring 2024. But it will have a starting price of $84,650 — above the threshold for the federal tax credit.
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