The EV Tax Credit is both enticing and confusing at the same time. The government didn’t make understanding the credit any easier with its new rules that went into effect on January 1st, 2024. The new rules restrict what cars are eligible for the tax credit based on battery sourcing and total MSRP. In addition, the regulations restrict buyers’ eligibility based on their income. It’s worth trying to get if you’re buying an EV or plug-in hybrid, though, because
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