How does an electric car tax credit work?

electric car tax credit

 660 total views

 660 total views The Biden administration’s proposal to include 100 billion pounds in subsidies for new electric vehicles is not part of the congressional law on infrastructure, but those who are considering EV for tax reduction should not panic. The purpose of this latest spending initiative was to increase current incentives and enable manufacturers such as Tesla and General Motors, which have run out of available loans, to retrain. The bill will return the maximum federal tax credit from $ 7,500 to $ 7,000. That said, the current program is still…

Read More