IRS

EV point-of-sale tax credits eclipse $2 billion since new program launched

Electric vehicle point-of-sale tax credits have eclipsed $2 billion of savings for more than 300,000 EV buyers since the new…

Ford prepares to lose full tax credit on two of its three EVs

Ford is preparing to lose the full tax credit on the Mustang Mach-E and E-Transit electric vehicles, while the full…

IRS updates IRA EV tax credit guidance, new rules apply April 18

The IRS has updated its guidance relating to the Inflation Reduction Act's (IRA) tax credit that applies to electric vehicles,…

Rivian informs customers of IRS guidance on EV tax credits

Rivian emailed customers about the Internal Revenue Service's (IRS) recently released guidance regarding the EV tax credits under the Inflation…

IRS invites consumers to comment on EV tax credit qualifications

The Internal Revenue Service (IRS) is inviting consumers to share comments on the electric vehicle tax credit qualifications. Tesla and…

US eager to implement updated EV tax credit: ‘We are trying to do this expeditiously’

The United States Treasury Department is reportedly accelerating the creation of several key regulations that will enable the rollout of…