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US Department of the Treasury makes significant last-minute change to vehicle tax credit rules: ‘Fair and logical’

US Department of the Treasury makes significant last-minute change to vehicle tax credit rules: ‘Fair and logical’

It looks like transport electrification is here to stay. Thanks to contributions from the Biden administration’s Inflation Reduction Act (IRA), there are significant tax breaks and credits available that can make the purchase of an electric vehicle more realistic for many.Electrek reported that the United States Department of the Treasury and Internal Revenue Service (IRS)…