You only have until April 17 to get a hot deal on an electric car before stricter tax credit rules go into effect, making some models ineligible

Fri, 03/31/2023 - 10:52

Newly manufactured Teslas sit in a lot in Burbank, California, in 2018. — For the next 17 days, you can still get the full $7,500 tax credit on EV purchases that meet less stringent criteria.
Reuters

The US has provided more detailed information on whether certain EVs will qualify for tax credits.
The new rules will halve the current credit amount for certain models and disqualify others.
Car buyers have until April 17 to get a hot deal before stricter rules kick in.

Car buyers interested in going electric have until April 17 to get a hot deal before stricter rules surrounding tax credits for plug-in purchases go into effect.