For consumers shopping for an EV, new rules mean fewer models qualify for a tax credit, ET Auto

The Inflation Reduction Act signed into law in 2022 expanded tax credits ranging from USD 3,750 to USD 7,500 for purchases of new and used EVs, an effort by the Biden administration to stoke demand toward its goal that half of all new vehicle sales be electric by 2030. But qualifying for the credits depends on requirements related to their battery makeup and minerals that get tougher each year.

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