2023 tax credits for EVs will boost their appeal

TL;DR

EXPLAINER: 2023 tax credits for EVs will boost their appeal WASHINGTON (AP) — Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle.But a complex web of requirements, including where vehicles and batteries must be manufactured to qualify, is casting doubt on whether anyone can receive the full $7,500 credit next year.For at least the first two months of 2023, though, a delay in the Treasury Department’s rules for the new benefit will likely make the full credit temporarily available to consumers who meet certain income and price limits.Judge kept FTX execs' plea deals secret to get founder to US Facebook parent Meta will pay $725M to settle user data case FTX founder Bankman-Fried allowed $250M bond, house arrest Microsoft will fight US over $68.7B Activision Blizzard deal But the question of which vehicles and buyers will qualify for the credits is complicated and will remain uncertain until Treasury issues the proposed rules in March.They’re from Audi, BMW, Chevrolet, Chrysler, Ford, GMC, Jeep, Lincoln, Lucid, Nissan, Rivian, Tesla, Volvo, Cadillac, Mercedes and Volkswagen."

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