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What to know about 2024 changes to the electric vehicle tax credit

Changes to the federal electric vehicle (EV) tax credit are set to take effect Jan. 1, reflecting a push by the Biden administration to focus the financial incentives on domestically produced vehicles. The changes to the tax credit, which tops out at $7,500, will exclude certain EVs that include internationally sourced components from eligibility, while… ....

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Treasury says 7,400 dealers have signed up for electric vehicle tax credit

The Treasury Department estimates more than 7,000 auto dealers have registered to provide the new point-of-sale tax credit for purchase of an electric vehicle beginning Jan. 1. In updated numbers, the department put the number of registered dealers at 7,400 nationwide, up from an estimate of 7,000 last week. The Treasury Department said Rivian and… ....

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